Redhawk Wealth Advisors Inc. Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Redhawk Wealth Advisors Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,648 shares of the e-commerce giant’s stock after purchasing an additional 192 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Amazon.com were worth $1,203,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fiduciary Planning LLC boosted its position in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC boosted its position in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. boosted its position in Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares in the last quarter. Alterna Wealth Management Inc. boosted its position in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners boosted its position in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Down 1.2 %

AMZN opened at $96.32 on Wednesday. The firm has a 50-day simple moving average of $90.65 and a two-hundred day simple moving average of $109.96. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The company has a market capitalization of $982.62 billion, a PE ratio of 88.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. During the same period last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on AMZN shares. Barclays cut their price objective on Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Atlantic Securities dropped their price target on Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Benchmark dropped their price target on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Wells Fargo & Company dropped their price target on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Finally, New Street Research initiated coverage on Amazon.com in a research report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $145.56.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,259,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 in the last 90 days. Insiders own 12.70% of the company’s stock.

About Amazon.com

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading

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

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