Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Addison Capital Co

Addison Capital Co raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,691 shares of the e-commerce giant’s stock after purchasing an additional 1,013 shares during the quarter. Amazon.com comprises approximately 1.4% of Addison Capital Co’s investment portfolio, making the stock its 19th biggest holding. Addison Capital Co’s holdings in Amazon.com were worth $3,226,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Cooksen Wealth LLC acquired a new position in Amazon.com during the fourth quarter worth about $30,000. Clarity Asset Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at about $46,000. Steph & Co. bought a new position in shares of Amazon.com during the 1st quarter valued at about $65,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $69,000. Finally, Advantage Trust Co acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $68,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $186.88 on Wednesday. The stock has a 50-day simple moving average of $178.97 and a 200 day simple moving average of $181.80. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.35, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, research analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the sale, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Sanford C. Bernstein increased their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Robert W. Baird raised their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. BMO Capital Markets boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Cantor Fitzgerald assumed coverage on shares of Amazon.com in a research note on Thursday, September 5th. They issued an “overweight” rating and a $230.00 price objective for the company. Finally, Wedbush reissued an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $222.49.

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.