Capital Asset Advisory Services LLC Purchases 1,197 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital Asset Advisory Services LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 74,238 shares of the e-commerce giant’s stock after buying an additional 1,197 shares during the period. Capital Asset Advisory Services LLC’s holdings in Amazon.com were worth $16,643,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AMZN. Rench Wealth Management Inc. increased its holdings in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after acquiring an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Amazon.com by 9.7% during the third 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 during the period. Blankinship & Foster LLC raised its position in Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares during the period. Umpqua Bank boosted its holdings in Amazon.com by 0.4% during the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after acquiring an additional 137 shares during the period. Finally, One Wealth Capital Management LLC purchased a new position in Amazon.com in the 4th quarter worth about $4,270,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of AMZN stock opened at $228.68 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.40 trillion, a PE ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The stock’s 50-day simple moving average is $228.21 and its 200-day simple moving average is $202.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Equities analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,848 shares of company stock valued at $11,368,639 over the last 90 days. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. Piper Sandler restated an “overweight” rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Maxim Group increased their price target on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Morgan Stanley lifted their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $260.74.

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.