Apella Capital LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Apella Capital LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the third quarter, HoldingsChannel reports. The fund owned 25,745 shares of the e-commerce giant’s stock after buying an additional 2,257 shares during the period. Apella Capital LLC’s holdings in Amazon.com were worth $4,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Phillips Wealth Planners LLC raised its holdings in Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after acquiring an additional 14,766 shares in the last quarter. Stonekeep Investments LLC purchased a new position in Amazon.com in the 2nd quarter worth approximately $2,588,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after acquiring an additional 654,908 shares in the last quarter. Finally, Rockport Wealth LLC boosted its stake in Amazon.com by 2,240.6% during the 2nd quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock valued at $14,832,000 after purchasing an additional 73,470 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, 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 sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s 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 completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock valued at $9,215,048 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Scotiabank initiated coverage on Amazon.com in a research note on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 price target for the company. Jefferies Financial Group decreased their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. dropped their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Maxim Group boosted their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.76.

Amazon.com Trading Down 3.3 %

Shares of Amazon.com stock opened at $186.40 on Friday. Amazon.com, Inc. has a twelve month low of $131.71 and a twelve month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $184.40 and a 200-day moving average price of $183.65. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 44.59, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal 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.