Howard Financial Services LTD. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Howard Financial Services LTD. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The company owned 24,124 shares of the e-commerce giant after acquiring an additional 326 shares during the quarter. Amazon.com makes up about 0.7% of Howard Financial Services LTD.’s portfolio, making the stock its 28th-largest position. Howard Financial Services LTD.’s stake in Amazon.com was worth $4,352,000, according to its latest filing with the Securities and Exchange Commission.

Other hedge funds also modified their holdings in the company. Fifth Third Wealth Advisors LLC increased its position in Amazon.com by 24.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 75,289 shares of the e-commerce giant’s stock worth $13,581,000 after purchasing an additional 14,851 shares in the last quarter. BSN CAPITAL PARTNERS Ltd increased its holdings in Amazon.com by 167.4% in the first quarter. BSN CAPITAL PARTNERS Ltd now owns 1,880,000 shares of the e-commerce giant’s stock worth $336,331,000 after purchasing an additional 1,177,000 shares during the period. Hengehold Capital Management LLC increased its holdings in Amazon.com by 8.4% in the first quarter. Hengehold Capital Management LLC now owns 11,983 shares of the e-commerce giant’s stock worth $2,162,000 after acquiring an additional 926 shares during the last quarter. Jessup Wealth Management Inc increased its stake in Amazon.com by 10.3% in the first quarter. Jessup Wealth Management Inc now owns 144,217 shares of the e-commerce giant’s stock worth $26,014,000 after acquiring an additional 13,464 shares during the last quarter. Finally, Cypress Wealth Services LLC increased its holdings in Amazon.com by 1.4% during the first quarter. Cypress Wealth Services LLC now owns 19,883 shares of the e-commerce giant’s stock worth $3,586,000 after acquiring an additional 284 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com shares down 1.2%

AMZN shares opened at $197.59 on Thursday. The company’s 50-day simple moving average is $184.68, and its 200-day simple moving average is $173.98. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $200.43. The company has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a PEG ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a current ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter increased 12.5% ​​year-over-year. Sell-side analysts are predicting that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling on Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.44, for a total transaction value of $3,771,048.96. Following the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in legal documents filed with the Securities & Exchange Commission and available on the SEC’s website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.44, for a total transaction value of $3,771,048.96. Following the transaction, the CEO now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 1. The shares were sold at an average price of $180.29, for a total of $631,015.00. Following the sale, the CEO now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. Disclosure of this sale can be found here . Over the last 90 days, insiders have sold 69,548 shares of the company’s stock, valued at $12,774,204. 10.80% of the stock is currently owned by insiders.

Analyst ratings upgrades and downgrades

AMZN has been the subject of several recent analyst reports. Moffett Nathanson reissued a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11. Roth Mkm reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com (up from $205.00) in a research report on Wednesday, May 1. UBS Group raised their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18. Finally, Argus raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2. One research analyst rated the stock a “hold,” forty-three gave the stock a “buy” rating, and one gave the stock a “strong buy” rating. According to MarketBeat.com, the company has an average rating of “buy” and an average price target of $215.86.

Read our latest report on AMZN

About Amazon.com

(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.

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