HBK Sorce Advisory LLC Has $17.42 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

HBK Sorce Advisory LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,404 shares of the e-commerce giant's stock after purchasing an additional 3,882 shares during the quarter. Amazon.com makes up 0.5% of HBK Sorce Advisory LLC's investment portfolio, making the stock its 20th largest holding. HBK Sorce Advisory LLC's holdings in Amazon.com were worth $17,421,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Rench Wealth Management Inc. boosted its holdings in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after acquiring an additional 3,703 shares during the period. Blankinship & Foster LLC lifted its holdings in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after buying an additional 4,740 shares during the last quarter. One Wealth Capital Management LLC bought a new position in Amazon.com during the fourth quarter worth $4,270,000. Floyd Financial Group LLC acquired a new stake in Amazon.com in the 4th quarter worth $4,494,000. Finally, Washington Trust Advisors Inc. raised its position in shares of Amazon.com by 0.4% during the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock valued at $41,972,000 after buying an additional 982 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AMZN. Bank of America cut their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Citizens Jmp decreased their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday. Oppenheimer raised their price target on shares of Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. HSBC increased their target price on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Finally, Scotiabank lifted their price objective on Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $252.73.

Amazon.com Stock Down 1.0 %

Shares of Amazon.com stock traded down $1.82 on Friday, reaching $172.51. 44,456,290 shares of the company were exchanged, compared to its average volume of 41,785,381. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $198.44 and a 200 day moving average of $207.88. The company has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 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.