Maiden Cove Capital LLC Makes New $781,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Maiden Cove Capital LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,958 shares of the e-commerce giant’s stock, valued at approximately $781,000. Amazon.com comprises 1.6% of Maiden Cove Capital LLC’s holdings, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the company. Gunderson Capital Management Inc. lifted its position in Amazon.com by 7.6% during the second quarter. Gunderson Capital Management Inc. now owns 47,090 shares of the e-commerce giant’s stock worth $9,100,000 after buying an additional 3,310 shares during the period. VanderPol Investments L.L.C. increased its stake in shares of Amazon.com by 6.1% during the 2nd quarter. VanderPol Investments L.L.C. now owns 2,502 shares of the e-commerce giant’s stock valued at $484,000 after acquiring an additional 143 shares during the last quarter. jvl associates llc lifted its holdings in shares of Amazon.com by 64.0% during the 2nd quarter. jvl associates llc now owns 5,253 shares of the e-commerce giant’s stock worth $1,015,000 after acquiring an additional 2,050 shares during the period. Global Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% during the 2nd quarter. Global Trust Asset Management LLC now owns 15,742 shares of the e-commerce giant’s stock worth $3,042,000 after acquiring an additional 502 shares during the period. Finally, Cadent Capital Advisors LLC boosted its position in shares of Amazon.com by 13.2% in the second quarter. Cadent Capital Advisors LLC now owns 2,047 shares of the e-commerce giant’s stock worth $396,000 after acquiring an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % 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 worth $1,253,883,872 over the last quarter. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Wedbush upped their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen upped their price objective on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Redburn Atlantic lifted their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Monness Crespi & Hardt boosted their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Mizuho raised their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Stock Performance

AMZN stock opened at $224.92 on Friday. The stock’s 50 day simple moving average is $205.83 and its 200 day simple moving average is $191.30. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The firm has a market cap of $2.37 trillion, a P/E ratio of 48.16, a P/E/G 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.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.