Greenwood Gearhart Inc. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Greenwood Gearhart Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,873 shares of the e-commerce giant’s stock after buying an additional 4,804 shares during the quarter. Amazon.com accounts for approximately 1.5% of Greenwood Gearhart Inc.’s holdings, making the stock its 28th biggest position. Greenwood Gearhart Inc.’s holdings in Amazon.com were worth $9,365,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AMZN. Iron Horse Wealth Management LLC raised its position in Amazon.com by 4,540.0% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 227 shares during the last quarter. Wells Financial Advisors INC increased its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after purchasing an additional 266 shares during the last quarter. Knott David M Jr purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $32,000. Laurel Wealth Planning LLC increased its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Baron Financial Group LLC increased its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock worth $6,994,626 in the last three months. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $94.88 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The company has a market capitalization of $972.26 billion, a P/E ratio of -351.41, a P/E/G ratio of 3.74 and a beta of 1.25. The company’s 50-day simple moving average is $96.20 and its two-hundred day simple moving average is $101.99. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a research report on Friday, February 3rd. Benchmark increased their target price on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Roth Capital reissued a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Morgan Stanley increased their target price on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Finally, Wells Fargo & Company reduced their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $144.87.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.