Caprock Group LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Caprock Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,300 shares of the e-commerce giant’s stock after purchasing an additional 13,760 shares during the period. Amazon.com makes up 2.2% of Caprock Group LLC’s portfolio, making the stock its 6th biggest position. Caprock Group LLC’s holdings in Amazon.com were worth $66,102,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC raised its position in Amazon.com by 22.6% in the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 30,194 shares of the e-commerce giant’s stock valued at $6,624,000 after buying an additional 5,574 shares during the last quarter. New Wave Wealth Advisors LLC increased its position in shares of Amazon.com by 2.3% during the 4th quarter. New Wave Wealth Advisors LLC now owns 21,326 shares of the e-commerce giant’s stock worth $4,679,000 after purchasing an additional 484 shares during the last quarter. Southern Capital Advisors LLC increased its position in shares of Amazon.com by 2.7% during the 4th quarter. Southern Capital Advisors LLC now owns 4,809 shares of the e-commerce giant’s stock worth $1,055,000 after purchasing an additional 126 shares during the last quarter. Hamilton Point Investment Advisors LLC increased its position in shares of Amazon.com by 5.9% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 4,378 shares of the e-commerce giant’s stock worth $960,000 after purchasing an additional 243 shares during the last quarter. Finally, Alta Wealth Advisors LLC increased its position in shares of Amazon.com by 5.3% during the 4th quarter. Alta Wealth Advisors LLC now owns 17,532 shares of the e-commerce giant’s stock worth $3,846,000 after purchasing an additional 884 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 2.8 %

Amazon.com stock opened at $216.58 on Friday. The firm’s 50-day moving average is $227.88 and its 200-day moving average is $204.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $2.30 trillion, a P/E ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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 24.25%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMZN. Scotiabank boosted their price target on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Barclays lifted their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Monness Crespi & Hardt lifted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Wedbush reiterated an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Two equities research 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. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.74.

Insider Buying and Selling at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,852 shares of company stock worth $9,324,151 over the last ninety days. 10.80% of the stock is currently owned by insiders.

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.