CAP Partners LLC Acquires 85 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CAP Partners LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,518 shares of the e-commerce giant’s stock after acquiring an additional 85 shares during the quarter. Amazon.com comprises 2.2% of CAP Partners LLC’s portfolio, making the stock its 12th largest position. CAP Partners LLC’s holdings in Amazon.com were worth $2,891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMZN. Midwest Financial Group LLC raised its position in shares of Amazon.com by 3.1% in the 2nd quarter. Midwest Financial Group LLC now owns 5,405 shares of the e-commerce giant’s stock valued at $1,045,000 after acquiring an additional 163 shares during the period. Valued Wealth Advisors LLC raised its holdings in Amazon.com by 12.3% in the second quarter. Valued Wealth Advisors LLC now owns 1,794 shares of the e-commerce giant’s stock worth $347,000 after purchasing an additional 197 shares during the period. Phoenix Wealth Advisors boosted its position in shares of Amazon.com by 10.9% during the second quarter. Phoenix Wealth Advisors now owns 3,890 shares of the e-commerce giant’s stock worth $752,000 after purchasing an additional 381 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of Amazon.com by 10.7% in the 2nd quarter. Leavell Investment Management Inc. now owns 74,293 shares of the e-commerce giant’s stock valued at $14,357,000 after buying an additional 7,157 shares during the period. Finally, Provident Wealth Management LLC increased its position in shares of Amazon.com by 23.2% in the 2nd quarter. Provident Wealth Management LLC now owns 2,656 shares of the e-commerce giant’s stock valued at $513,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Rosenblatt Securities lifted their target price on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Redburn Atlantic boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Tuesday, December 10th. Finally, Morgan Stanley raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $223.75 on Monday. The company’s 50-day moving average is $209.73 and its 200-day moving average is $192.89. 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 firm has a market capitalization of $2.35 trillion, a PE ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Equities analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Amazon.com 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.