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

Hoffman Alan N Investment Management decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 245,813 shares of the e-commerce giant’s stock after selling 1,594 shares during the period. Amazon.com accounts for about 22.1% of Hoffman Alan N Investment Management’s holdings, making the stock its 2nd biggest position. Hoffman Alan N Investment Management’s holdings in Amazon.com were worth $45,802,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the first quarter valued at about $69,000. Innealta Capital LLC purchased a new stake in shares of Amazon.com in the second quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after acquiring an additional 199 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. 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. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock valued at $9,215,048 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMZN shares. Barclays boosted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Pivotal Research initiated coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Finally, JMP Securities upped their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.02.

Amazon.com Stock Up 6.2 %

AMZN stock opened at $197.93 on Friday. Amazon.com, Inc. has a 52 week low of $136.47 and a 52 week high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.08 trillion, a P/E ratio of 42.38, a P/E/G ratio of 1.46 and a beta of 1.14. The company’s 50-day moving average price is $184.82 and its 200 day moving average price is $183.76.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.

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.