Valley Brook Capital Group Inc. Purchases 695 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Valley Brook Capital Group Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,429 shares of the e-commerce giant’s stock after acquiring an additional 695 shares during the quarter. Amazon.com makes up 1.8% of Valley Brook Capital Group Inc.’s investment portfolio, making the stock its 13th largest position. Valley Brook Capital Group Inc.’s holdings in Amazon.com were worth $2,502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter worth about $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter worth about $45,000. Values First Advisors Inc. bought a new position in Amazon.com in the 3rd quarter worth about $56,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group raised their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley raised their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Robert W. Baird raised their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday. Finally, Rosenblatt Securities raised their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $238.87.

Amazon.com Price Performance

AMZN opened at $227.46 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $231.20. The stock has a market capitalization of $2.39 trillion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The stock’s 50 day moving average price is $201.65 and its 200-day moving average price is $189.78.

Amazon.com (NASDAQ:AMZN) last posted its 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.