Blackhawk Capital Partners LLC. Acquires 5,708 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Blackhawk Capital Partners LLC increased its stake in Amazon.com by 24.4%, making it the 7th largest position in their portfolio, with a total value of approximately $5.54 million.
• Various hedge funds have initiated positions in Amazon.com, contributing to 72.20% of its ownership by institutional investors.
• Analysts are bullish on Amazon.com, with forty-seven rating the stock as a buy and a target price consensus of $262.45.

Blackhawk Capital Partners LLC. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,110 shares of the e-commerce giant's stock after acquiring an additional 5,708 shares during the quarter. Amazon.com makes up 2.9% of Blackhawk Capital Partners LLC.'s investment portfolio, making the stock its 7th biggest holding. Blackhawk Capital Partners LLC.'s holdings in Amazon.com were worth $5,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at approximately $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Pivotal Research raised their price target on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday. Stifel Nicolaus raised their price objective on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Wells Fargo & Company raised their price objective on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $262.45.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN traded up $3.07 during trading on Tuesday, reaching $214.72. The stock had a trading volume of 12,112,218 shares, compared to its average volume of 44,828,645. The firm has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1-year low of $158.54 and a 1-year high of $242.52. The stock has a 50 day moving average of $218.42 and a two-hundred day moving average of $208.93.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.