CWC Advisors LLC. Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

CWC Advisors LLC. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,816 shares of the e-commerce giant’s stock, valued at approximately $338,000.

Several other large investors have also recently bought and sold shares of the business. Mayfair Advisory Group LLC increased its holdings in Amazon.com by 21.5% in the third quarter. Mayfair Advisory Group LLC now owns 5,025 shares of the e-commerce giant’s stock valued at $937,000 after buying an additional 889 shares during the last quarter. Convergence Financial LLC increased its holdings in Amazon.com by 3.8% in the third quarter. Convergence Financial LLC now owns 29,209 shares of the e-commerce giant’s stock valued at $5,443,000 after buying an additional 1,063 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its holdings in shares of Amazon.com by 69.6% during the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 7,236 shares of the e-commerce giant’s stock worth $1,348,000 after purchasing an additional 2,969 shares during the last quarter. Capital Management Associates Inc grew its holdings in shares of Amazon.com by 24.1% during the third quarter. Capital Management Associates Inc now owns 8,141 shares of the e-commerce giant’s stock worth $1,517,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Lincoln Capital Corp grew its holdings in shares of Amazon.com by 1.0% during the third quarter. Lincoln Capital Corp now owns 44,410 shares of the e-commerce giant’s stock worth $8,275,000 after purchasing an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.0 %

Shares of AMZN opened at $207.89 on Friday. The firm has a market cap of $2.19 trillion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company’s fifty day moving average is $194.78 and its two-hundred day moving average is $186.94. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two 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.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMZN shares. Moffett Nathanson raised their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday. Telsey Advisory Group raised their price objective on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a report on Friday, August 2nd. Morgan Stanley raised their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Benchmark raised their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.20.

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.