Capital Investment Advisory Services LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,838 shares of the e-commerce giant’s stock after acquiring an additional 7,637 shares during the period. Amazon.com comprises approximately 1.4% of Capital Investment Advisory Services LLC’s investment portfolio, making the stock its 8th biggest position. Capital Investment Advisory Services LLC’s holdings in Amazon.com were worth $14,449,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC increased its stake in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $261,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $191,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 70,056 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total transaction of $9,798,032.16. Following the completion of the sale, the chief executive officer now directly owns 104,864 shares of the company’s stock, valued at approximately $14,666,279.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $127.20, for a total transaction of $508,800.00. Following the completion of the sale, the chief executive officer now directly owns 522,316 shares of the company’s stock, valued at approximately $66,438,595.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 70,056 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total value of $9,798,032.16. Following the sale, the chief executive officer now directly owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The disclosure for this sale can be found here. Insiders sold 1,404,645 shares of company stock valued at $54,674,088 in the last ninety days. Insiders own 12.70% of the company’s stock.
Amazon.com Trading Up 0.3 %
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. Sell-side analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have commented on AMZN shares. Susquehanna increased their price objective on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a report on Friday, August 4th. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $145.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. StockNews.com upgraded Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday. Piper Sandler lifted their price target on Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. Finally, TD Cowen upped their price objective on shares of Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.00.
Get Our Latest Research Report on Amazon.com
Amazon.com Company 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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