Capco Asset Management LLC Buys 2,526 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capco Asset Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,495 shares of the e-commerce giant’s stock after acquiring an additional 2,526 shares during the period. Amazon.com accounts for about 6.7% of Capco Asset Management LLC’s holdings, making the stock its 6th biggest position. Capco Asset Management LLC’s holdings in Amazon.com were worth $28,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Soundwatch Capital LLC acquired a new stake in shares of Amazon.com in the 2nd quarter worth approximately $367,000. Sienna Gestion grew its holdings in shares of Amazon.com by 2,598.3% in the 2nd quarter. Sienna Gestion now owns 11,144 shares of the e-commerce giant’s stock worth $2,153,000 after acquiring an additional 10,731 shares during the period. First Washington CORP grew its holdings in shares of Amazon.com by 2.4% in the 2nd quarter. First Washington CORP now owns 35,746 shares of the e-commerce giant’s stock worth $6,908,000 after acquiring an additional 838 shares during the period. Highlander Partners L.P. grew its holdings in shares of Amazon.com by 1.1% in the 2nd quarter. Highlander Partners L.P. now owns 103,000 shares of the e-commerce giant’s stock worth $19,905,000 after acquiring an additional 1,100 shares during the period. Finally, Beck Bode LLC acquired a new stake in shares of Amazon.com in the 2nd quarter worth approximately $651,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research note on Friday, August 2nd. Bank of America reduced their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. The Goldman Sachs Group reduced their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Jefferies Financial Group reduced their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Amazon.com Stock Up 0.8 %

Shares of Amazon.com stock opened at $188.99 on Friday. 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 firm has a market cap of $1.97 trillion, a P/E ratio of 52.94, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The business has a 50-day moving average price of $181.98 and a 200 day moving average price of $183.42.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Amazon.com Company 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.