Capital Investment Counsel LLC Acquires 440 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital Investment Counsel LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,477 shares of the e-commerce giant’s stock after acquiring an additional 440 shares during the period. Amazon.com accounts for 1.5% of Capital Investment Counsel LLC’s portfolio, making the stock its 20th largest holding. Capital Investment Counsel LLC’s holdings in Amazon.com were worth $9,100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Williams & Novak LLC increased its holdings in shares of Amazon.com by 2.8% in the fourth quarter. Williams & Novak LLC now owns 3,095 shares of the e-commerce giant’s stock worth $679,000 after purchasing an additional 85 shares during the last quarter. Southern Style Financial Inc. bought a new position in Amazon.com in the 4th quarter valued at $212,000. NorthStar Asset Management LLC NJ increased its stake in Amazon.com by 4.4% in the 4th quarter. NorthStar Asset Management LLC NJ now owns 18,328 shares of the e-commerce giant’s stock worth $4,021,000 after buying an additional 771 shares during the period. Mayflower Financial Advisors LLC increased its position in shares of Amazon.com by 4.8% during the fourth quarter. Mayflower Financial Advisors LLC now owns 33,045 shares of the e-commerce giant’s stock worth $7,250,000 after acquiring an additional 1,509 shares during the period. Finally, BSW Wealth Partners raised its position in Amazon.com by 5.1% during the 4th quarter. BSW Wealth Partners now owns 32,754 shares of the e-commerce giant’s stock valued at $7,186,000 after purchasing an additional 1,580 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on AMZN shares. Wells Fargo & Company lowered their target price on Amazon.com from $212.00 to $207.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Piper Sandler reissued an “overweight” rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Scotiabank upped their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Evercore ISI increased their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two 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 has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Price Performance

AMZN stock opened at $226.45 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.38 trillion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 1.36 and a beta of 1.15. The company has a 50 day simple moving average of $228.26 and a 200 day simple moving average of $202.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,611 shares of company stock valued at $11,122,402. 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.