Amazon.com, Inc. (NASDAQ:AMZN) is Hoffman Alan N Investment Management’s 2nd Largest Position

Hoffman Alan N Investment Management cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 249,471 shares of the e-commerce giant’s stock after selling 8,902 shares during the quarter. Amazon.com accounts for about 25.3% of Hoffman Alan N Investment Management’s investment portfolio, making the stock its 2nd largest holding. Hoffman Alan N Investment Management’s holdings in Amazon.com were worth $45,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cooksen Wealth LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $43,000. Clarity Asset Management Inc. bought a new position in Amazon.com during the 4th quarter valued at approximately $46,000. Finally, Bruce G. Allen Investments LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $57,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.6 %

AMZN opened at $189.08 on Friday. The stock has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.96, a P/E/G ratio of 1.31 and a beta of 1.14. The stock’s 50 day moving average price is $182.78 and its 200-day moving average price is $171.37. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Robert W. Baird increased their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday. Oppenheimer increased their target price on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average target price of $215.37.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders have sold a total of 65,338 shares of company stock valued at $11,894,344 over the last quarter. 10.80% of the stock is owned by corporate insiders.

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.