Amazon.com, Inc. (NASDAQ:AMZN) is Crystal Rock Capital Management’s 5th Largest Position

Crystal Rock Capital Management grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the third quarter, HoldingsChannel.com reports. The firm owned 56,670 shares of the e-commerce giant’s stock after buying an additional 415 shares during the quarter. Amazon.com comprises approximately 6.2% of Crystal Rock Capital Management’s holdings, making the stock its 5th largest holding. Crystal Rock Capital Management’s holdings in Amazon.com were worth $10,559,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. JMP Securities restated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Monday, December 16th. Sanford C. Bernstein boosted their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Rosenblatt Securities increased their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Roth Mkm increased their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Oppenheimer lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Amazon.com Trading Up 0.7 %

Shares of NASDAQ:AMZN opened at $224.92 on Monday. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. 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 company has a market cap of $2.37 trillion, a P/E ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. The stock’s 50-day moving average is $205.83 and its 200-day moving average is $191.38.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping 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 business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the company earned $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was 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 approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % 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 worth $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

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.