Hoxton Planning & Management LLC increases its position in Amazon.com, Inc. (NASDAQ:AMZN)

Hoxton Planning & Management LLC increased its holdings in Amazon.com, Inc. shares. (NASDAQ:AMZN) up 17.2% in the first quarter, according to the company’s latest filing with the Securities and Exchange Commission. The company owned 11,502 shares of the e-commerce giant’s stock after purchasing an additional 1,686 shares during the quarter. Amazon.com represents approximately 1.0% of Hoxton Planning & Management LLC’s investment portfolio, making the stock its 19th largest holding. Hoxton Planning & Management LLC’s shares in Amazon.com were worth $2,075,000 as of its most recent SEC filing.

A number of other hedge funds also modified their holdings in the company. Cooksen Wealth LLC purchased a new position on Amazon.com during the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its exposure to Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC acquired a new position in Amazon.com during the fourth quarter worth approximately $43,000. Harbor Investment Advisory LLC increased its holdings in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. purchased a new item on Amazon.com during the fourth quarter worth approximately $46,000. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Insiders are betting

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, bringing the total transaction amount to $92,000.00. Following the completion of the sale, the CEO now directly owns 131,600 shares of the company’s stock valued at $24,214,400. The sale was disclosed in legal documents filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, bringing the total transaction amount to $92,000.00. Following the sale, the CEO now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a document filed with the SEC, which is available at this link. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, bringing the total to $620,515.00. Following the sale, the CEO now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. Disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock worth $11,894,344 over the last three months. 10.80% of the shares belong to insiders.

Amazon.com Stock Performance

On Friday, Amazon.com shares closed at $193.25. The company has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a PEG ratio of 1.39 and a beta of 1.14. The stock has a fifty-day moving average price of $183.87 and a 200-day moving average price of $172.93. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $199.84. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 EPS for the quarter, $0.15 above the consensus estimate of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue increased 12.5% compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.31. Equity research analysts predict that Amazon.com, Inc. will report earnings per share of $4.72 for the current year.

Analysts set new target prices

Several equities analysts have recently issued reports on the company. Citigroup raised their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Truist Financial raised their price objective on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21. Monness Crespi & Hardt raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Finally, Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2. One equities research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given the stock a “strong buy” rating. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “buy” and an average price target of $215.86.

Check out our latest Amazon.com Stock Report

Amazon.com company profile

(free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Insiders are betting

Amazon.com Stock Performance

Analysts set new target prices

Amazon.com company profile

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