Crossmark Global Holdings Inc. increases its position in Amazon.com, Inc. (NASDAQ:AMZN)

VaselineSeptember 24, 2024

0 4 minutes read

Crossmark Global Holdings Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,420 shares of the e-commerce giant’s stock after purchasing an additional 6,805 shares during the period. Amazon.com makes up about 2.2% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 4th largest holding. The holdings of Crossmark Global Holdings Inc. in Amazon.com were worth $116,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have recently modified their holdings of the company. Cooksen Wealth LLC bought a new stake in Amazon.com in the fourth quarter valued at $30,000. Clarity Asset Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at $46,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Steph & Co. bought a new position in Amazon.com in the first quarter valued at about $65,000. Finally, Advantage Trust Co purchased a new stake in Amazon.com in the fourth quarter valued at about $68,000. Institutional investors own 72.20% of the company’s shares.

Amazon.com trading up 1.2%

NASDAQ:AMZN opened at $193.88 on Tuesday. The firm has a market cap of $2.02 trillion, a P/E ratio of 54.31, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10, and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $178.57 and a 200 day moving average of $182.22. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $201.20.

Want more great investment ideas?

Amazon.com (NASDAQ:AMZN – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Changes in Analyst Ratings

A number of analysts have issued reports on AMZN shares. Piper Sandler cut their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research report on Friday, August 2nd. Sanford C. Bernstein upped their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Stifel Nicolaus decreased their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, UBS Group upped their target price on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $222.84, according to MarketBeat.com.

Get the latest stock analysis on AMZN

Insiders place their bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now directly owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of shares are currently owned by company insiders.

Amazon.com profile

(Free Report)

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