Hubbell Strickland Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the second quarter, Holdings Channel.com reports. The fund owned 128 shares of the e-commerce giant’s stock after acquiring an additional 5 shares during the quarter. Hubbell Strickland Wealth Management LLC’s holdings in Amazon.com were worth $353,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. bought a new position in shares of Amazon.com in the first quarter valued at approximately $294,639,000. Wealth Quarterback LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $2,313,511,000. Geode Capital Management LLC raised its stake in Amazon.com by 2.5% in the first quarter. Geode Capital Management LLC now owns 6,048,684 shares of the e-commerce giant’s stock valued at $11,768,454,000 after purchasing an additional 147,641 shares in the last quarter. Capital International Investors raised its stake in Amazon.com by 7.3% in the first quarter. Capital International Investors now owns 4,599,769 shares of the e-commerce giant’s stock valued at $8,968,262,000 after purchasing an additional 312,549 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in Amazon.com by 10.7% in the first quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock valued at $8,777,634,000 after purchasing an additional 435,331 shares in the last quarter. Institutional investors own 64.54% of the company’s stock.
Shares of AMZN stock opened at $3,104.00 on Tuesday. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,344.29. The stock has a market cap of $1,548.21 billion, a PE ratio of 148.30, a price-to-earnings-growth ratio of 6.51 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average price is $2,681.70 and its 200-day moving average price is $2,209.15.
A number of equities research analysts recently weighed in on the stock. Monness Crespi & Hardt raised shares of Amazon.com to a “buy” rating in a research note on Tuesday, July 7th. William Blair reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, June 22nd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, May 4th. BMO Capital Markets raised their target price on shares of Amazon.com from $2,650.00 to $2,850.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Canaccord Genuity raised their target price on shares of Amazon.com from $2,750.00 to $3,300.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $2,770.89.
In other news, SVP David Zapolsky sold 352 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $2,300.19, for a total transaction of $809,666.88. Following the sale, the senior vice president now owns 4,015 shares in the company, valued at approximately $9,235,262.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Indra K. Nooyi bought 27 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were acquired at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the acquisition, the director now owns 707 shares in the company, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 9,497 shares of company stock worth $21,605,827. Company insiders own 16.10% of the company’s stock.
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 third-party sellers through physical stores and online stores.
Further Reading: Cash Asset Ratio
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