Capital Investment Advisors LLC Has $40.77 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Investment Advisors LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 218,823 shares of the e-commerce giant’s stock after purchasing an additional 16,960 shares during the period. Capital Investment Advisors LLC’s holdings in Amazon.com were worth $40,773,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. raised its holdings in Amazon.com by 5.5% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 301,777 shares of the e-commerce giant’s stock valued at $56,230,000 after acquiring an additional 15,717 shares during the period. Blue Trust Inc. grew its position in shares of Amazon.com by 71.8% in the third quarter. Blue Trust Inc. now owns 85,713 shares of the e-commerce giant’s stock valued at $16,564,000 after purchasing an additional 35,824 shares during the last quarter. Meridian Financial Partners LLC acquired a new stake in Amazon.com during the 3rd quarter worth approximately $3,500,000. IFG Advisors LLC lifted its holdings in Amazon.com by 14.3% during the 3rd quarter. IFG Advisors LLC now owns 8,039 shares of the e-commerce giant’s stock worth $1,498,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Mogy Joel R Investment Counsel Inc. boosted its stake in Amazon.com by 0.7% in the 3rd quarter. Mogy Joel R Investment Counsel Inc. now owns 345,122 shares of the e-commerce giant’s stock valued at $64,307,000 after purchasing an additional 2,252 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMZN shares. Royal Bank of Canada increased their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wedbush lifted their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Benchmark increased their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group lifted their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Monness Crespi & Hardt increased their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Trading Down 0.4 %

NASDAQ:AMZN opened at $201.70 on Tuesday. The firm has a market capitalization of $2.12 trillion, a P/E ratio of 43.19, a P/E/G ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $141.50 and a 52 week high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $191.69 and a 200 day moving average of $185.93.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were 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. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com 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.