Hilltop Holdings Inc. Has $22.43 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hilltop Holdings Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 78.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,366 shares of the e-commerce giant's stock after buying an additional 53,058 shares during the quarter. Amazon.com makes up approximately 1.4% of Hilltop Holdings Inc.'s portfolio, making the stock its 5th biggest position. Hilltop Holdings Inc.'s holdings in Amazon.com were worth $22,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. International Assets Investment Management LLC boosted its stake in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the period. Parnassus Investments LLC raised its holdings in Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock valued at $2,125,148,000 after buying an additional 11,391,479 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after buying an additional 3,903,889 shares during the period. Wulff Hansen & CO. grew its holdings in Amazon.com by 20,517.4% in the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant's stock worth $750,646,000 after acquiring an additional 3,865,485 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Amazon.com in the third quarter valued at about $492,144,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Redburn Atlantic raised their target price on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Rosenblatt Securities lifted their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 1st. Roth Mkm lifted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Wedbush upped their price objective on shares of Amazon.com from $250.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $243.67.

Amazon.com Stock Performance

Amazon.com stock traded down $3.19 during midday trading on Friday, reaching $218.94. 36,744,101 shares of the company traded hands, compared to its average volume of 30,529,361. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a 50 day moving average of $216.20 and a two-hundred day moving average of $195.41. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

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

Amazon.com Profile

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.