Horizon Investment Services LLC Acquires 139 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Horizon Investment Services LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 4,754 shares of the e-commerce giant’s stock after acquiring an additional 139 shares during the quarter. Horizon Investment Services LLC’s holdings in Amazon.com were worth $919,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Amazon.com in the fourth quarter worth about $17,700,551,000. Vanguard Group Inc. boosted its stake in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Swedbank AB purchased a new position in Amazon.com during the 1st quarter valued at approximately $2,239,757,000. Capital World Investors increased its stake in Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after acquiring an additional 11,524,463 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 266,396 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total value of $53,281,863.96. Following the transaction, the insider now directly owns 928,433,873 shares of the company’s stock, valued at approximately $185,696,058,938.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,549,744 shares of company stock worth $309,400,324 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $186.51 on Friday. The firm has a 50 day moving average of $179.17 and a 200 day moving average of $182.90. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMZN shares. TD Cowen boosted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Bank of America dropped their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Sanford C. Bernstein upped their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Finally, TD Securities lifted their target price on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $223.65.

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.