Private Capital Management LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Private Capital Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 7,853 shares of the e-commerce giant’s stock after acquiring an additional 502 shares during the quarter. Private Capital Management LLC’s holdings in Amazon.com were worth $1,463,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Rench Wealth Management Inc. raised its stake in shares of Amazon.com by 7.9% during 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 buying an additional 3,703 shares during the last quarter. Blankinship & Foster LLC grew its holdings in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after acquiring an additional 4,740 shares during the period. Umpqua Bank raised its position in Amazon.com by 0.4% during the third 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 in the last quarter. One Wealth Capital Management LLC purchased a new position in Amazon.com during the fourth quarter valued at approximately $4,270,000. Finally, Floyd Financial Group LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $4,494,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 in the last ninety days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AMZN shares. Wolfe Research raised their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Raymond James lifted their price objective on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Barclays increased their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, HSBC increased their price target on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Price Performance

AMZN stock opened at $192.72 on Monday. The business’s fifty day moving average price is $216.86 and its 200 day moving average price is $209.25. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.04 trillion, a PE ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.