Constitution Capital LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 50.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,590 shares of the e-commerce giant’s stock after purchasing an additional 3,870 shares during the period. Amazon.com makes up 0.9% of Constitution Capital LLC’s portfolio, making the stock its 21st biggest holding. Constitution Capital LLC’s holdings in Amazon.com were worth $1,310,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Iron Horse Wealth Management LLC boosted its holdings in shares of Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 227 shares during the period. Wells Financial Advisors INC boosted its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after buying an additional 266 shares during the period. Knott David M Jr acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $32,000. Laurel Wealth Planning LLC lifted its position in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC lifted its position in shares of Amazon.com by 1,900.0% in the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 342 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.
Insiders Place Their Bets
In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 6,704 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $636,276.64. Following the completion of the sale, the senior vice president now owns 87,036 shares in the company, valued at approximately $8,260,586.76. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock worth $6,994,626 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Stock Down 1.8 %
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current year.
Analyst Ratings Changes
A number of research firms have recently issued reports on AMZN. UBS Group increased their price target on shares of Amazon.com from $118.00 to $127.00 in a research report on Friday, February 3rd. Barclays increased their price target on shares of Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Credit Suisse Group increased their price target on shares of Amazon.com from $142.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, January 30th. New Street Research began coverage on shares of Amazon.com in a research report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price target for the company. Finally, Evercore ISI increased their price target on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.87.
Amazon.com Company Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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