Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Capital Investment Counsel Inc

Capital Investment Counsel Inc lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,841 shares of the e-commerce giant’s stock after acquiring an additional 220 shares during the quarter. Amazon.com makes up about 3.0% of Capital Investment Counsel Inc’s holdings, making the stock its 6th biggest holding. Capital Investment Counsel Inc’s holdings in Amazon.com were worth $21,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. raised its stake in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC raised its stake in shares of Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after acquiring an additional 1,081 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Amazon.com by 44.0% in the 1st quarter. Meeder Asset Management Inc. now owns 207,028 shares of the e-commerce giant’s stock valued at $37,344,000 after buying an additional 63,291 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in shares of Amazon.com by 14.8% in the first quarter. Meeder Advisory Services Inc. now owns 114,940 shares of the e-commerce giant’s stock worth $20,733,000 after purchasing an additional 14,815 shares during the period. Finally, Verus Capital Partners LLC lifted its holdings in shares of Amazon.com by 2.9% during the first quarter. Verus Capital Partners LLC now owns 408,608 shares of the e-commerce giant’s stock worth $73,705,000 after buying an additional 11,536 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 3.2 %

Amazon.com stock opened at $207.86 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50-day simple moving average of $193.75 and a 200 day simple moving average of $186.52. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 44.51, a PEG ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Moffett Nathanson boosted their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday. Oppenheimer raised 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 Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Jefferies Financial Group boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank upped their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.20.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795. 10.80% of the stock is owned by 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.