Dudley Capital Management LLC Has $2.93 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Dudley Capital Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,710 shares of the e-commerce giant’s stock after buying an additional 175 shares during the period. Amazon.com makes up approximately 1.5% of Dudley Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Dudley Capital Management LLC’s holdings in Amazon.com were worth $2,927,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. City State Bank lifted its holdings in shares of Amazon.com by 1.7% in the second quarter. City State Bank now owns 15,770 shares of the e-commerce giant’s stock worth $3,048,000 after acquiring an additional 270 shares during the last quarter. Monterey Private Wealth Inc. increased its position in Amazon.com by 6.5% during the 2nd quarter. Monterey Private Wealth Inc. now owns 12,288 shares of the e-commerce giant’s stock worth $2,375,000 after purchasing an additional 755 shares in the last quarter. Lynx Investment Advisory acquired a new position in Amazon.com during the 2nd quarter worth approximately $2,609,000. New England Research & Management Inc. lifted its stake in Amazon.com by 7.4% in the 2nd quarter. New England Research & Management Inc. now owns 10,109 shares of the e-commerce giant’s stock valued at $1,954,000 after purchasing an additional 696 shares during the last quarter. Finally, Marion Wealth Management boosted its position in Amazon.com by 9.4% in the second quarter. Marion Wealth Management now owns 4,911 shares of the e-commerce giant’s stock valued at $949,000 after buying an additional 422 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Piper Sandler upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada upped their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wedbush lifted their price target on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Redburn Atlantic boosted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Maxim Group raised their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $240.67.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated 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 directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $232.93 on Tuesday. The stock has a market cap of $2.45 trillion, a P/E ratio of 49.88, a P/E/G ratio of 1.54 and a beta of 1.16. The business’s fifty day moving average is $202.70 and its 200 day moving average is $190.16. 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, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.