Attessa Capital LLC Purchases Shares of 2,125 Amazon.com, Inc. (NASDAQ:AMZN)

Attessa Capital LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,125 shares of the e-commerce giant’s stock, valued at approximately $466,000. Amazon.com makes up about 0.3% of Attessa Capital LLC’s portfolio, making the stock its 26th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB grew its position in Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after acquiring an additional 811,425 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its stake in shares of Amazon.com by 0.5% during the third quarter. Kathleen S. Wright Associates Inc. now owns 13,675 shares of the e-commerce giant’s stock valued at $2,551,000 after purchasing an additional 70 shares during the period. Harrington Investments INC boosted its stake in shares of Amazon.com by 0.4% during the third quarter. Harrington Investments INC now owns 28,027 shares of the e-commerce giant’s stock valued at $5,222,000 after purchasing an additional 125 shares during the period. CX Institutional grew its holdings in shares of Amazon.com by 4.1% in the third quarter. CX Institutional now owns 99,959 shares of the e-commerce giant’s stock worth $18,625,000 after purchasing an additional 3,903 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its stake in shares of Amazon.com by 3.1% in the third quarter. Wesbanco Bank Inc. now owns 368,553 shares of the e-commerce giant’s stock worth $68,672,000 after buying an additional 11,112 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 1.2 %

NASDAQ:AMZN opened at $198.89 on Thursday. The company has a market cap of $2.11 trillion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a 50 day simple moving average of $222.71 and a two-hundred day simple moving average of $207.20.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Raymond James increased their price target on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Wolfe Research raised their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Moffett Nathanson upped their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Loop Capital increased their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Scotiabank boosted their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. 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.