HWG Holdings LP boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7,383.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,320 shares of the e-commerce giant’s stock after purchasing an additional 2,289 shares during the period. Amazon.com comprises approximately 2.3% of HWG Holdings LP’s holdings, making the stock its 11th largest position. HWG Holdings LP’s holdings in Amazon.com were worth $2,713,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Regis Management CO LLC grew its position in Amazon.com by 0.9% in the second quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock worth $224,000 after acquiring an additional 2 shares in the last quarter. Hall Capital Management Co. Inc. grew its position in Amazon.com by 0.8% in the second quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock worth $390,000 after acquiring an additional 3 shares in the last quarter. Noesis Capital Mangement Corp grew its position in Amazon.com by 0.8% in the second quarter. Noesis Capital Mangement Corp now owns 505 shares of the e-commerce giant’s stock worth $489,000 after acquiring an additional 4 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in Amazon.com by 1.3% in the second quarter. Exencial Wealth Advisors LLC now owns 395 shares of the e-commerce giant’s stock worth $382,000 after acquiring an additional 5 shares in the last quarter. Finally, Kingfisher Capital LLC grew its position in Amazon.com by 0.3% in the second quarter. Kingfisher Capital LLC now owns 1,632 shares of the e-commerce giant’s stock worth $1,580,000 after acquiring an additional 5 shares in the last quarter. 60.21% of the stock is currently owned by hedge funds and other institutional investors.
In other Amazon.com news, Director Tom A. Alberg sold 670 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the sale, the director now owns 14,159 shares of the company’s stock, valued at approximately $21,238,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the sale, the vice president now directly owns 6,533 shares in the company, valued at approximately $9,553,336.56. The disclosure for this sale can be found here. Insiders have sold a total of 6,214 shares of company stock valued at $9,251,120 in the last quarter. 17.00% of the stock is currently owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. The business had revenue of $60.45 billion during the quarter, compared to analysts’ expectations of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The firm’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter last year, the company posted $1.54 EPS. analysts expect that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.
Several analysts have commented on AMZN shares. DZ Bank reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, January 24th. Citigroup reissued a “buy” rating and issued a $1,400.00 target price (up from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Vetr raised shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,414.91 price objective for the company in a report on Tuesday, January 30th. Jefferies Group upped their price objective on shares of Amazon.com from $1,450.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Credit Suisse Group upped their price objective on shares of Amazon.com from $1,385.00 to $1,410.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Four research analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $1,477.78.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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