Wellington Shields Capital Management LLC Buys 2,283 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wellington Shields Capital Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,074 shares of the e-commerce giant’s stock after purchasing an additional 2,283 shares during the period. Amazon.com accounts for about 3.3% of Wellington Shields Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Wellington Shields Capital Management LLC’s holdings in Amazon.com were worth $18,180,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Fortis Capital Advisors LLC lifted its stake in Amazon.com by 31.9% in the 4th quarter. Fortis Capital Advisors LLC now owns 30,143 shares of the e-commerce giant’s stock valued at $4,580,000 after purchasing an additional 7,298 shares during the last quarter. Insight Holdings Group LLC lifted its position in shares of Amazon.com by 14.0% in the fourth quarter. Insight Holdings Group LLC now owns 369,400 shares of the e-commerce giant’s stock valued at $56,127,000 after buying an additional 45,400 shares during the last quarter. Act Two Investors LLC boosted its stake in shares of Amazon.com by 1.1% during the 4th quarter. Act Two Investors LLC now owns 191,958 shares of the e-commerce giant’s stock worth $29,166,000 after acquiring an additional 2,156 shares during the period. Cape Investment Advisory Inc. increased its holdings in shares of Amazon.com by 14.3% during the 4th quarter. Cape Investment Advisory Inc. now owns 23,185 shares of the e-commerce giant’s stock worth $3,523,000 after acquiring an additional 2,907 shares during the last quarter. Finally, DSM Capital Partners LLC raised its stake in Amazon.com by 13.2% in the 4th quarter. DSM Capital Partners LLC now owns 3,795,536 shares of the e-commerce giant’s stock valued at $576,694,000 after acquiring an additional 441,537 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. reduced their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. TD Cowen increased their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Piper Sandler reduced their price objective on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Maxim Group increased their target price on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $223.65.

Amazon.com Trading Up 2.5 %

Shares of Amazon.com stock opened at $186.51 on Friday. The firm has a market capitalization of $1.94 trillion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $179.17 and its 200 day moving average is $182.95. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Equities research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,549,744 shares of company stock valued at $309,400,324 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.