Chapin Davis Inc. Acquires 1,285 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Chapin Davis Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,236 shares of the e-commerce giant’s stock after purchasing an additional 1,285 shares during the period. Amazon.com comprises 2.2% of Chapin Davis Inc.’s holdings, making the stock its 7th largest position. Chapin Davis Inc.’s holdings in Amazon.com were worth $6,752,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com in the first quarter worth approximately $69,000. Innealta Capital LLC acquired a new stake in shares of Amazon.com in the second quarter worth approximately $77,000. Finally, Abich Financial Wealth Management LLC boosted its stake in shares of Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 6.2 %

NASDAQ:AMZN opened at $197.93 on Monday. The stock has a 50-day simple moving average of $184.82 and a 200-day simple moving average of $183.77. The stock has a market cap of $2.08 trillion, a P/E ratio of 42.38, a P/E/G ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $136.47 and a 1 year high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Bank of America boosted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday. Pivotal Research initiated coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. UBS Group boosted their price objective on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. TD Cowen boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Robert W. Baird boosted their price objective on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $246.02.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,855 shares of company stock valued at $9,215,048. 10.80% of the stock is currently owned by corporate 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.