Hixon Zuercher LLC Has $6.61 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hixon Zuercher LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,197 shares of the e-commerce giant’s stock after selling 3,448 shares during the quarter. Amazon.com makes up 2.8% of Hixon Zuercher LLC’s holdings, making the stock its 13th biggest position. Hixon Zuercher LLC’s holdings in Amazon.com were worth $6,609,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meridian Wealth Advisors LLC raised its stake in Amazon.com by 1.7% in the 4th quarter. Meridian Wealth Advisors LLC now owns 67,104 shares of the e-commerce giant’s stock valued at $10,196,000 after acquiring an additional 1,101 shares during the period. Valtinson Bruner Financial Planning LLC increased its holdings in shares of Amazon.com by 2.7% in the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 4,518 shares of the e-commerce giant’s stock valued at $686,000 after purchasing an additional 120 shares during the last quarter. Moser Wealth Advisors LLC raised its position in shares of Amazon.com by 7.7% in the fourth quarter. Moser Wealth Advisors LLC now owns 67,867 shares of the e-commerce giant’s stock valued at $10,312,000 after purchasing an additional 4,860 shares during the period. National Pension Service lifted its stake in shares of Amazon.com by 1.9% during the 4th quarter. National Pension Service now owns 14,050,284 shares of the e-commerce giant’s stock worth $2,134,800,000 after buying an additional 263,238 shares during the last quarter. Finally, Clearwater Capital Advisors LLC boosted its holdings in shares of Amazon.com by 6.5% during the 4th quarter. Clearwater Capital Advisors LLC now owns 8,067 shares of the e-commerce giant’s stock worth $1,226,000 after buying an additional 495 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $191.16 on Friday. 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 stock has a market cap of $2.01 trillion, a PE ratio of 53.55, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The business has a 50-day simple moving average of $178.68 and a two-hundred day simple moving average of $182.42.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,101,797 shares of company stock worth $1,220,129,922. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Bank of America lowered their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Maxim Group increased their price objective on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, JMP Securities boosted their target price on shares of Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $222.84.

Amazon.com 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.