Hudock Inc. Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Hudock Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 541 shares of the e-commerce giant’s stock after acquiring an additional 10 shares during the quarter. Hudock Inc.’s holdings in Amazon.com were worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. OLD Mission Capital LLC purchased a new position in Amazon.com during the third quarter valued at approximately $605,000. Newbridge Financial Services Group Inc. increased its stake in Amazon.com by 12.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,883 shares of the e-commerce giant’s stock worth $6,478,000 after buying an additional 201 shares in the last quarter. Meitav Dash Investments Ltd. raised its stake in Amazon.com by 13.6% during the 2nd quarter. Meitav Dash Investments Ltd. now owns 12,944 shares of the e-commerce giant’s stock valued at $44,531,000 after purchasing an additional 1,546 shares during the period. C M Bidwell & Associates Ltd. lifted its holdings in Amazon.com by 20.6% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 387 shares of the e-commerce giant’s stock worth $1,331,000 after purchasing an additional 66 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Amazon.com by 13.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 79,244 shares of the e-commerce giant’s stock worth $272,612,000 after purchasing an additional 9,236 shares during the period. 56.96% of the stock is owned by hedge funds and other institutional investors.

AMZN opened at $3,242.76 on Friday. The company has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 63.43, a PEG ratio of 2.62 and a beta of 1.10. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42. Amazon.com, Inc. has a 12-month low of $2,881.00 and a 12-month high of $3,773.08. The business’s fifty day simple moving average is $3,438.21 and its 200-day simple moving average is $3,427.83.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $9.10 by ($2.98). Amazon.com had a return on equity of 24.31% and a net margin of 5.73%. The business had revenue of $110.81 billion for the quarter, compared to the consensus estimate of $111.66 billion. During the same quarter in the previous year, the company earned $12.37 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 40.79 EPS for the current year.

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Amazon.com from $4,000.00 to $4,200.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $4,100.00 to $4,350.00 and gave the stock an “overweight” rating in a research note on Friday, October 29th. UBS Group started coverage on Amazon.com in a report on Thursday, December 2nd. They set a “buy” rating and a $4,700.00 price objective on the stock. The Goldman Sachs Group cut their target price on shares of Amazon.com from $4,250.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, October 29th. Finally, Telsey Advisory Group decreased their price target on shares of Amazon.com from $4,000.00 to $3,850.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Forty research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $4,201.88.

In other news, SVP David Zapolsky sold 954 shares of the business’s stock in a transaction on Monday, November 15th. The stock was sold at an average price of $3,537.00, for a total value of $3,374,298.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 271 shares of the firm’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $3,700.00, for a total value of $1,002,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,314 shares of company stock worth $292,824,570. Insiders own 14.00% of the company’s stock.

About Amazon.com

Amazon.com, Inc 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 America-focused websites such as www.amazon.com and www.amazon.ca.

Featured Article: Certificate of Deposit (CD)

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.