Hoge Financial Services LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hoge Financial Services LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 56.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,820 shares of the e-commerce giant’s stock after buying an additional 1,380 shares during the period. Amazon.com makes up about 0.6% of Hoge Financial Services LLC’s investment portfolio, making the stock its 21st largest holding. Hoge Financial Services LLC’s holdings in Amazon.com were worth $838,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC raised its holdings in shares of Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. State Street Corp raised its holdings in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Amazon.com by 23,742.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after purchasing an additional 5,081,217 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $197.95 on Monday. The company has a market cap of $2.10 trillion, a price-to-earnings ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. The firm’s fifty day moving average is $221.65 and its 200 day moving average is $207.76. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Benchmark boosted their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Wedbush restated an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Roth Mkm boosted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two investment 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Activity

In other news, SVP David Zapolsky sold 5,848 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the transaction, the senior vice president now directly owns 69,162 shares in the company, valued at approximately $15,265,436.64. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by company insiders.

About Amazon.com

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.