Hantz Financial Services Inc. Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hantz Financial Services Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the third quarter, Holdings Channel.com reports. The fund owned 719,948 shares of the e-commerce giant’s stock after selling 45,991 shares during the period. Amazon.com accounts for about 2.4% of Hantz Financial Services Inc.’s holdings, making the stock its 6th biggest holding. Hantz Financial Services Inc.’s holdings in Amazon.com were worth $134,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwest & Ethical Investments L.P. lifted its stake in Amazon.com by 10.5% during the third quarter. Northwest & Ethical Investments L.P. now owns 188,855 shares of the e-commerce giant’s stock valued at $35,190,000 after purchasing an additional 17,903 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its stake in shares of Amazon.com by 1.7% in the third quarter. Pin Oak Investment Advisors Inc. now owns 5,243 shares of the e-commerce giant’s stock worth $976,000 after acquiring an additional 90 shares during the last quarter. Vinva Investment Management Ltd grew its stake in shares of Amazon.com by 13.4% in the 3rd quarter. Vinva Investment Management Ltd now owns 436,078 shares of the e-commerce giant’s stock valued at $81,970,000 after buying an additional 51,399 shares in the last quarter. Elite Wealth Management Inc. lifted its stake in shares of Amazon.com by 1.8% in the 3rd quarter. Elite Wealth Management Inc. now owns 226,692 shares of the e-commerce giant’s stock valued at $42,240,000 after purchasing an additional 3,931 shares during the last quarter. Finally, Financial Counselors Inc. increased its holdings in shares of Amazon.com by 4.0% during the 3rd quarter. Financial Counselors Inc. now owns 873,687 shares of the e-commerce giant’s stock valued at $162,794,000 after acquiring an additional 33,336 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 2.4 %

AMZN stock opened at $222.11 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.34 trillion, a PE ratio of 47.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The business has a 50-day simple moving average of $214.48 and a 200 day simple moving average of $194.73. Amazon.com, Inc. has a 52 week low of $146.15 and a 52 week high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on AMZN. Wells Fargo & Company reissued an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, December 10th. Morgan Stanley increased their price target on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus upped their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $243.67.

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.