Horizon Family Wealth Inc. has a $677,000 position on Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest filing with the Securities and Exchange Commission, Horizon Family Wealth Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the fourth quarter. An institutional investor owned 4,455 shares of the e-commerce giant after purchasing an additional 110 shares during the quarter. Amazon.com makes up about 0.6% of Horizon Family Wealth Inc.’s portfolio, making it its 29th-largest holding. At the end of the last reporting period, the value of shares of Horizon Family Wealth Inc. on Amazon.com it was $677,000.

Other hedge funds and other institutional investors have also recently made changes to their positions at the company. In the third quarter, Vanguard Group Inc. increased its position on Amazon.com by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. In the third quarter, FMR LLC increased its position on Amazon.com by 7.7%. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Northern Trust Corp increased its position on Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Jennison Associates LLC increased its position on Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position on Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after purchasing an additional 1,525,922 shares in the last quarter. Currently, 72.20% of the shares are in the hands of institutional investors and hedge funds.

Changes in analyst ratings

Many stock analysts have recently published reports on AMZN stock. Roth Mkm maintained a “buy” rating on shares of Amazon.com in a research report on Wednesday, May 1st. Evercore ISI increased their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Stifel Nicolaus increased their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” in a report on Wednesday, May 1st. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com on Thursday, April 18. Finally, JMP Securities reissued a market outperform rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One equity research analyst rated the company’s shares with a hold recommendation, forty-four issued a buy recommendation, and one gave a strong buy recommendation. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $212.40.

Check out our latest report on Amazon.com

Amazon.com pricing performance

Shares of NASDAQ:AMZN opened at $178.34 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.86 trillion, a PE ratio of 49.96, a P/E/G ratio of 1.26 and a beta of 1.14. Amazon.com, Inc. it has a twelve month low of $118.35 and a twelve month high of $191.70. The company has a 50-day moving average price of $182.31 and a two-hundred-day moving average price of $167.94.

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

Insiders place their bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the closing of the transaction, the CEO now directly owns 132,600 shares of the company’s stock valued at $23,868,000. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the transaction, the CEO now owns 132,600 shares of the company’s stock valued at $23,868,000. The announcement of this sale can be found here. In the last quarter, insiders sold 62,338 shares of company stock worth $11,363,829. Currently, company insiders own 10.80% of the shares.

About Amazon.com

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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 media content.

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