Howard Financial Services LTD. Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Howard Financial Services LTD. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,124 shares of the e-commerce giant’s stock after acquiring an additional 326 shares during the quarter. Amazon.com accounts for about 0.7% of Howard Financial Services LTD.’s portfolio, making the stock its 28th largest position. Howard Financial Services LTD.’s holdings in Amazon.com were worth $4,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Fifth Third Wealth Advisors LLC raised its position in Amazon.com by 24.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 75,289 shares of the e-commerce giant’s stock valued at $13,581,000 after purchasing an additional 14,851 shares in the last quarter. BSN CAPITAL PARTNERS Ltd increased its stake in shares of Amazon.com by 167.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 1,880,000 shares of the e-commerce giant’s stock worth $336,331,000 after buying an additional 1,177,000 shares during the period. Hengehold Capital Management LLC raised its holdings in Amazon.com by 8.4% in the first quarter. Hengehold Capital Management LLC now owns 11,983 shares of the e-commerce giant’s stock valued at $2,162,000 after acquiring an additional 926 shares in the last quarter. Jessup Wealth Management Inc lifted its stake in Amazon.com by 10.3% in the first quarter. Jessup Wealth Management Inc now owns 144,217 shares of the e-commerce giant’s stock worth $26,014,000 after acquiring an additional 13,464 shares during the last quarter. Finally, Cypress Wealth Services LLC grew its holdings in Amazon.com by 1.4% during the 1st quarter. Cypress Wealth Services LLC now owns 19,883 shares of the e-commerce giant’s stock worth $3,586,000 after acquiring an additional 284 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.2 %

Shares of AMZN opened at $197.59 on Thursday. The business’s 50 day simple moving average is $184.68 and its 200-day simple moving average is $173.98. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $200.43. The company has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a PEG ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company 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 business earned $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the transaction, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,548 shares of company stock worth $12,774,204. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Moffett Nathanson reissued a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Roth Mkm reissued a “buy” rating and set a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. UBS Group upped their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Finally, Argus upped their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $215.86.

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.