Capital Market Strategies LLC Buys 246 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital Market Strategies LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,396 shares of the e-commerce giant’s stock after buying an additional 246 shares during the quarter. Amazon.com comprises about 1.1% of Capital Market Strategies LLC’s portfolio, making the stock its 18th largest holding. Capital Market Strategies LLC’s holdings in Amazon.com were worth $1,751,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Phillips Wealth Planners LLC grew its position in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after buying an additional 14,766 shares in the last quarter. Stonekeep Investments LLC bought a new position in Amazon.com during the 2nd quarter worth $2,588,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Amazon.com by 164.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after buying an additional 654,908 shares in the last quarter. Finally, Rockport Wealth LLC boosted its position in shares of Amazon.com by 2,240.6% in the second quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock valued at $14,832,000 after acquiring an additional 73,470 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and issued a $265.00 price target on shares of Amazon.com in a research report on Tuesday, October 15th. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. UBS Group lifted their price objective on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday. Finally, Sanford C. Bernstein increased their target price on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.76.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,855 shares of company stock valued at $9,215,048. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 3.3 %

Shares of AMZN stock opened at $186.40 on Friday. Amazon.com, Inc. has a 1-year low of $131.71 and a 1-year high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 44.59, a PEG ratio of 1.38 and a beta of 1.14. The stock has a 50-day moving average of $184.40 and a 200-day moving average of $183.65.

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