Hobart Private Capital LLC Acquires 610 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hobart Private Capital LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,048 shares of the e-commerce giant’s stock after acquiring an additional 610 shares during the period. Hobart Private Capital LLC’s holdings in Amazon.com were worth $669,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. AMF Tjanstepension AB boosted its holdings in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares during the last quarter. Gill Capital Partners LLC boosted its stake in shares of Amazon.com by 21.3% during the 3rd quarter. Gill Capital Partners LLC now owns 8,931 shares of the e-commerce giant’s stock worth $1,664,000 after acquiring an additional 1,567 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of Amazon.com by 30.6% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 21,972 shares of the e-commerce giant’s stock valued at $4,094,000 after acquiring an additional 5,148 shares during the period. Howard Financial Services LTD. increased its stake in shares of Amazon.com by 2.5% in the 3rd quarter. Howard Financial Services LTD. now owns 24,780 shares of the e-commerce giant’s stock worth $4,617,000 after purchasing an additional 598 shares in the last quarter. Finally, First PREMIER Bank increased its stake in shares of Amazon.com by 5.1% in the 3rd quarter. First PREMIER Bank now owns 15,138 shares of the e-commerce giant’s stock worth $2,821,000 after purchasing an additional 738 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock valued at $23,871,905 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Benchmark boosted their price objective on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Stock Up 2.2 %

Shares of NASDAQ:AMZN opened at $208.36 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business has a 50 day simple moving average of $225.12 and a two-hundred day simple moving average of $206.50. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $2.21 trillion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

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

Amazon.com 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.