Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Horizon Wealth Management LLC

Horizon Wealth Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8,808.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,361 shares of the e-commerce giant’s stock after acquiring an additional 61,661 shares during the quarter. Amazon.com comprises about 2.7% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Horizon Wealth Management LLC’s holdings in Amazon.com were worth $6,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC boosted its holdings in shares of Amazon.com by 1,764.2% during the second quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after acquiring an additional 45,560,351 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.6% during the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after acquiring an additional 543,744 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Amazon.com by 1,923.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after acquiring an additional 26,375,927 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Amazon.com by 1,895.2% during the second quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after acquiring an additional 9,830,359 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in shares of Amazon.com by 1,644.6% during the second quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after acquiring an additional 9,129,976 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of NASDAQ AMZN opened at $94.14 on Friday. The stock has a market cap of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.71 and a beta of 1.23. The business has a 50 day simple moving average of $110.68 and a 200 day simple moving average of $117.19. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $188.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. On average, research analysts predict that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 7,448 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.25, for a total transaction of $999,894.00. Following the completion of the transaction, the chief executive officer now directly owns 498,572 shares in the company, valued at $66,933,291. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 7,448 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.25, for a total transaction of $999,894.00. Following the completion of the transaction, the chief executive officer now directly owns 498,572 shares in the company, valued at $66,933,291. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $95.70, for a total value of $164,604.00. Following the transaction, the director now owns 22,440 shares of the company’s stock, valued at $2,147,508. The disclosure for this sale can be found here. Insiders sold 305,420 shares of company stock valued at $12,769,879 over the last 90 days. 12.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Telsey Advisory Group reduced their price objective on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Truist Financial reduced their price objective on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, October 28th. Piper Sandler reduced their price objective on shares of Amazon.com from $175.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Oppenheimer reduced their price objective on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $175.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $150.89.

Amazon.com Company Profile

(Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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