Hill Island Financial LLC Has $965,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hill Island Financial LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,350 shares of the e-commerce giant’s stock after buying an additional 600 shares during the period. Amazon.com accounts for 0.3% of Hill Island Financial LLC’s portfolio, making the stock its 26th largest holding. Hill Island Financial LLC’s holdings in Amazon.com were worth $965,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC increased its holdings in Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp grew its holdings in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC grew its holdings in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $185.07 on Friday. The stock has a 50-day simple moving average of $173.82 and a 200 day simple moving average of $153.21. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12-month low of $97.71 and a 12-month high of $186.27. The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 63.82, a P/E/G ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Needham & Company LLC increased their price target on Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 2nd. DA Davidson increased their price target on Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Bank of America increased their price target on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets initiated coverage on shares of Amazon.com in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One equities research 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. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $198.09.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares in the company, valued at $92,688,826.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,782,846 over the last ninety days. 12.30% of the stock is owned by insiders.

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.