Hohimer Wealth Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,571 shares of the e-commerce giant’s stock after acquiring an additional 61 shares during the period. Amazon.com makes up approximately 1.9% of Hohimer Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Hohimer Wealth Management LLC’s holdings in Amazon.com were worth $7,955,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC lifted its holdings in shares of Amazon.com by 6.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 3,231 shares of the e-commerce giant’s stock valued at $10,523,000 after purchasing an additional 191 shares in the last quarter. NinePointTwo Capital bought a new stake in Amazon.com in the 4th quarter valued at $1,896,000. Polar Capital LLP boosted its stake in Amazon.com by 1.7% in the 3rd quarter. Polar Capital LLP now owns 128,949 shares of the e-commerce giant’s stock worth $406,026,000 after purchasing an additional 2,199 shares during the period. Castle Rock Wealth Management LLC increased its holdings in Amazon.com by 15.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 1,477 shares of the e-commerce giant’s stock worth $4,704,000 after purchasing an additional 198 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Amazon.com by 19.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 24,618 shares of the e-commerce giant’s stock valued at $77,437,000 after purchasing an additional 4,048 shares during the period. 56.39% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on AMZN shares. The Goldman Sachs Group increased their price objective on Amazon.com from $4,200.00 to $4,500.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Bank of America lifted their price objective on shares of Amazon.com from $3,650.00 to $4,000.00 in a report on Thursday, January 21st. JMP Securities raised their target price on shares of Amazon.com from $4,075.00 to $4,350.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 3rd. Oppenheimer increased their price objective on shares of Amazon.com from $3,700.00 to $4,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 3rd. Finally, Raymond James lifted their target price on Amazon.com from $3,500.00 to $4,000.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Two investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $3,930.67.
Shares of NASDAQ AMZN traded up $13.86 during mid-day trading on Monday, reaching $3,386.06. The company had a trading volume of 110,536 shares, compared to its average volume of 3,546,920. The firm has a market cap of $1.71 trillion, a price-to-earnings ratio of 98.86, a PEG ratio of 2.37 and a beta of 1.19. The business’s 50-day simple moving average is $3,112.52 and its 200 day simple moving average is $3,177.10. Amazon.com, Inc. has a one year low of $2,038.00 and a one year high of $3,552.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Monday, February 1st. The e-commerce giant reported $14.09 EPS for the quarter, beating the consensus estimate of $7.05 by $7.04. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The firm had revenue of $125.56 billion for the quarter, compared to analyst estimates of $119.73 billion. During the same period last year, the firm earned $6.47 EPS. The business’s quarterly revenue was up 43.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 34.59 EPS for the current year.
In related news, CEO David H. Clark sold 1,019 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the sale, the chief executive officer now directly owns 1,452 shares of the company’s stock, valued at $4,730,441.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith A. Mcgrath sold 340 shares of Amazon.com stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the completion of the transaction, the director now owns 1,984 shares in the company, valued at approximately $6,603,446.40. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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