Capital Market Strategies LLC Has $1.44 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Market Strategies LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,001 shares of the e-commerce giant’s stock after acquiring an additional 772 shares during the period. Amazon.com accounts for approximately 1.1% of Capital Market Strategies LLC’s holdings, making the stock its 19th largest position. Capital Market Strategies LLC’s holdings in Amazon.com were worth $1,443,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. Norges Bank bought a new stake in Amazon.com in the fourth quarter worth approximately $17,700,551,000. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares during the period. FMR LLC boosted its holdings in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Amazon.com during the 3rd quarter worth $610,138,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ AMZN opened at $182.81 on Thursday. The firm has a market capitalization of $1.90 trillion, a PE ratio of 51.21, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $191.70. The firm’s 50-day moving average is $182.78 and its 200-day moving average is $170.96.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. Equities analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,338 shares of company stock worth $11,894,344. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMZN shares. Maxim Group decreased their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Piper Sandler upped their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $213.82.

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.