Coppell Advisory Solutions LLC Purchases 3,950 Shares of Amazon.com, Inc. $AMZN

Coppell Advisory Solutions LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,939 shares of the e-commerce giant’s stock after purchasing an additional 3,950 shares during the period. Amazon.com accounts for approximately 1.0% of Coppell Advisory Solutions LLC’s portfolio, making the stock its 23rd biggest holding. Coppell Advisory Solutions LLC’s holdings in Amazon.com were worth $8,248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com in the second quarter worth $27,000. Maryland Capital Advisors Inc. increased its holdings in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new position in shares of Amazon.com during the second quarter valued at about $48,000. Cooksen Wealth LLC lifted its stake in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Amazon.com during the first quarter worth about $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the transaction, the director directly owned 80,030 shares of the company’s stock, valued at $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 82,234 shares of company stock worth $19,076,767. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMZN shares. Truist Financial set a $290.00 price target on Amazon.com in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a research report on Monday, December 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Friday, December 5th. BNP Paribas initiated coverage on shares of Amazon.com in a report on Monday, November 24th. They issued an “outperform” rating on the stock. Finally, Robert W. Baird set a $285.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $295.43.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $226.19 on Monday. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 1.56 and a beta of 1.37. The firm’s 50-day moving average price is $229.35 and its two-hundred day moving average price is $225.01. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. Amazon.com’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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.