Credit Capital Investments LLC Buys 2,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Credit Capital Investments LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,500 shares of the e-commerce giant’s stock after acquiring an additional 2,000 shares during the period. Amazon.com comprises 4.7% of Credit Capital Investments LLC’s holdings, making the stock its 12th largest holding. Credit Capital Investments LLC’s holdings in Amazon.com were worth $3,820,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Foundations Investment Advisors LLC boosted its holdings in shares of Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after buying an additional 16,392 shares in the last quarter. Umpqua Bank grew its position in Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares in the last quarter. BayBridge Capital Group LLC lifted its holdings in Amazon.com by 51.8% during the third quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant’s stock worth $2,677,000 after acquiring an additional 4,905 shares during the period. Zhang Financial LLC raised its position in Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock worth $9,520,000 after acquiring an additional 5,828 shares during the period. Finally, Washington Trust Advisors Inc. raised its holdings in shares of Amazon.com by 0.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock worth $41,972,000 after purchasing an additional 982 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN opened at $225.06 on Tuesday. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The company’s fifty day moving average is $205.83 and its 200-day moving average is $191.46. 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 firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 target price on shares of Amazon.com in a report on Tuesday, December 10th. Tigress Financial raised their price target on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday. Benchmark boosted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Two equities 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last 90 days. 10.80% of the stock is owned by insiders.

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.