Capital Investment Counsel Inc raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 18.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,395 shares of the e-commerce giant’s stock after acquiring an additional 18,536 shares during the quarter. Amazon.com makes up about 3.1% of Capital Investment Counsel Inc’s portfolio, making the stock its 6th biggest position. Capital Investment Counsel Inc’s holdings in Amazon.com were worth $15,825,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Planning LLC increased its position in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC raised its position in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. lifted its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. boosted its holdings in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners boosted its holdings in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.
Amazon.com Stock Performance
Shares of AMZN stock opened at $133.09 on Wednesday. The stock’s 50-day moving average is $132.24 and its two-hundred day moving average is $126.15. The firm has a market cap of $1.37 trillion, a price-to-earnings ratio of 68.96, a PEG ratio of 1.94 and a beta of 1.24. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on AMZN shares. DA Davidson boosted their target price on Amazon.com from $150.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Wolfe Research boosted their target price on Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. Telsey Advisory Group boosted their target price on Amazon.com from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Canaccord Genuity Group boosted their target price on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Robert W. Baird upped their price objective on Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $169.00.
Check Out Our Latest Stock Analysis on AMZN
Insider Transactions at Amazon.com
In other news, CEO Douglas J. Herrington sold 50,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the completion of the sale, the chief executive officer now owns 510,301 shares in the company, valued at $71,952,441. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the sale, the chief executive officer now owns 106,520 shares in the company, valued at $14,750,889.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the completion of the sale, the chief executive officer now owns 510,301 shares of the company’s stock, valued at approximately $71,952,441. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,404,645 shares of company stock worth $54,674,088. Company insiders own 12.70% of the company’s stock.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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