CV Advisors LLC Buys 1,417 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CV Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,739 shares of the e-commerce giant’s stock after acquiring an additional 1,417 shares during the period. Amazon.com makes up 4.9% of CV Advisors LLC’s holdings, making the stock its 6th biggest holding. CV Advisors LLC’s holdings in Amazon.com were worth $10,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Market Strategies LLC increased its stake in Amazon.com by 14.4% during the 2nd quarter. Capital Market Strategies LLC now owns 9,150 shares of the e-commerce giant’s stock worth $1,768,000 after buying an additional 1,149 shares during the period. Neville Rodie & Shaw Inc. boosted its position in Amazon.com by 2.8% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 102,610 shares of the e-commerce giant’s stock valued at $19,830,000 after buying an additional 2,840 shares during the period. Transcend Capital Advisors LLC grew its stake in shares of Amazon.com by 3.2% in the second quarter. Transcend Capital Advisors LLC now owns 111,019 shares of the e-commerce giant’s stock worth $21,454,000 after acquiring an additional 3,462 shares in the last quarter. Park Place Capital Corp increased its position in shares of Amazon.com by 6.7% during the second quarter. Park Place Capital Corp now owns 21,190 shares of the e-commerce giant’s stock worth $4,095,000 after acquiring an additional 1,333 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Amazon.com by 50.1% in the second quarter. GAMMA Investing LLC now owns 99,974 shares of the e-commerce giant’s stock valued at $19,320,000 after acquiring an additional 33,384 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Loop Capital boosted their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Telsey Advisory Group lifted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $238.87.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of AMZN stock opened at $227.46 on Friday. The company has a market capitalization of $2.39 trillion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $201.65 and its two-hundred day moving average is $189.72. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $231.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.