Hansen & Associates Financial Group Inc. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hansen & Associates Financial Group Inc. acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 31,579 shares of the e-commerce giant’s stock, valued at approximately $7,066,000. Amazon.com accounts for about 3.6% of Hansen & Associates Financial Group Inc.’s investment portfolio, making the stock its 7th largest position.

A number of other hedge funds also recently made changes to their positions in the company. Fiera Capital Corp increased its stake in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares during the last quarter. Beck Bode LLC bought a new stake in shares of Amazon.com in the second quarter worth $651,000. Clear Point Advisors Inc. increased its stake in shares of Amazon.com by 3.2% in the second quarter. Clear Point Advisors Inc. now owns 5,176 shares of the e-commerce giant’s stock worth $1,000,000 after buying an additional 160 shares during the last quarter. Zurich Insurance Group Ltd FI increased its stake in shares of Amazon.com by 2.5% in the second quarter. Zurich Insurance Group Ltd FI now owns 2,722,578 shares of the e-commerce giant’s stock worth $526,138,000 after buying an additional 66,598 shares during the last quarter. Finally, Fred Alger Management LLC increased its stake in shares of Amazon.com by 1.7% in the second quarter. Fred Alger Management LLC now owns 6,521,736 shares of the e-commerce giant’s stock worth $1,260,325,000 after buying an additional 108,494 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $216.58 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.57 and a beta of 1.15. The firm has a 50-day moving average of $227.88 and a two-hundred day moving average of $203.96.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Bank of America boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,852 shares of company stock worth $9,324,151. Company insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.