Hilltop Partners LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hilltop Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,162 shares of the e-commerce giant’s stock after acquiring an additional 1,291 shares during the period. Amazon.com accounts for about 0.8% of Hilltop Partners LLC’s holdings, making the stock its 17th biggest position. Hilltop Partners LLC’s holdings in Amazon.com were worth $2,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Collective Family Office LLC lifted its holdings in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares in the last quarter. Phillips Wealth Planners LLC grew its position in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after acquiring an additional 224 shares during the period. Bayesian Capital Management LP acquired a new stake in Amazon.com during the 4th quarter worth approximately $5,926,000. Concord Investment Counsel Inc. acquired a new position in shares of Amazon.com during the 1st quarter valued at $20,790,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Amazon.com by 26.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after purchasing an additional 133,471 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,098,297 shares of company stock valued at $1,219,443,957. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMZN shares. Wedbush restated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Roth Mkm raised their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Monday, September 23rd. Piper Sandler decreased their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Stifel Nicolaus cut their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $222.84.

Amazon.com Trading Down 1.7 %

NASDAQ:AMZN opened at $187.97 on Monday. The company’s 50 day moving average is $178.92 and its 200-day moving average is $182.68. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current 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.