Hobbs Group Advisors LLC Has $1.42 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Hobbs Group Advisors LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,624 shares of the e-commerce giant’s stock after selling 100 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Amazon.com were worth $1,421,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Fortem Financial Group LLC boosted its holdings in Amazon.com by 29.1% during the third quarter. Fortem Financial Group LLC now owns 19,550 shares of the e-commerce giant’s stock worth $3,643,000 after purchasing an additional 4,412 shares during the last quarter. Asset Allocation Strategies LLC lifted its stake in Amazon.com by 2.2% in the third quarter. Asset Allocation Strategies LLC now owns 3,491 shares of the e-commerce giant’s stock valued at $650,000 after acquiring an additional 76 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Amazon.com by 13.4% in the third quarter. Sunbelt Securities Inc. now owns 91,571 shares of the e-commerce giant’s stock valued at $17,062,000 after acquiring an additional 10,832 shares during the last quarter. Toronto Dominion Bank lifted its stake in Amazon.com by 6.1% in the third quarter. Toronto Dominion Bank now owns 5,005,385 shares of the e-commerce giant’s stock valued at $932,653,000 after acquiring an additional 287,264 shares during the last quarter. Finally, Brown Financial Advisors lifted its stake in Amazon.com by 1.0% in the third quarter. Brown Financial Advisors now owns 24,922 shares of the e-commerce giant’s stock valued at $4,644,000 after acquiring an additional 241 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 2.6 %

AMZN opened at $223.35 on Thursday. The company’s 50 day moving average is $217.02 and its 200-day moving average is $195.74. Amazon.com, Inc. has a 1-year low of $149.91 and a 1-year high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.35 trillion, a P/E ratio of 47.83, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Telsey Advisory Group increased their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Maxim Group increased their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, HSBC increased their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.