BayBridge Capital Group LLC Buys 2,325 Shares of Amazon.com, Inc. $AMZN

BayBridge Capital Group LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.9% in the third quarter, Holdings Channel reports. The institutional investor owned 10,380 shares of the e-commerce giant’s stock after buying an additional 2,325 shares during the quarter. Amazon.com accounts for about 1.5% of BayBridge Capital Group LLC’s holdings, making the stock its 13th biggest position. BayBridge Capital Group LLC’s holdings in Amazon.com were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Optas LLC increased its holdings in shares of Amazon.com by 0.9% during the third quarter. Optas LLC now owns 41,590 shares of the e-commerce giant’s stock valued at $9,132,000 after acquiring an additional 380 shares in the last quarter. Successful Portfolios LLC increased its stake in Amazon.com by 7.7% during the 3rd quarter. Successful Portfolios LLC now owns 13,003 shares of the e-commerce giant’s stock valued at $2,855,000 after purchasing an additional 931 shares in the last quarter. Crane Advisory LLC raised its holdings in Amazon.com by 10.6% in the third quarter. Crane Advisory LLC now owns 5,238 shares of the e-commerce giant’s stock worth $1,193,000 after buying an additional 504 shares during the last quarter. Cypress Wealth Services LLC raised its holdings in Amazon.com by 9.6% in the third quarter. Cypress Wealth Services LLC now owns 27,500 shares of the e-commerce giant’s stock worth $6,038,000 after buying an additional 2,417 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC lifted its stake in shares of Amazon.com by 2.4% in the third quarter. Matthew Goff Investment Advisor LLC now owns 10,142 shares of the e-commerce giant’s stock worth $2,227,000 after buying an additional 239 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director directly owned 26,148 shares in the company, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $233.22, for a total transaction of $583,050.00. Following the sale, the chief executive officer directly owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. The trade was a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 79,734 shares of company stock valued at $18,534,017 in the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.2%

Shares of NASDAQ:AMZN opened at $232.53 on Wednesday. The stock has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The stock’s 50-day simple moving average is $231.61 and its two-hundred day simple moving average is $226.55. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMZN. Loop Capital raised their price target on shares of Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. CIBC boosted their price target on Amazon.com to $315.00 in a research note on Monday, October 20th. Maxim Group upped their price target on Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a report on Friday, October 31st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $300.00 price objective on shares of Amazon.com in a research report on Tuesday, December 2nd. Finally, Zacks Research raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $295.50.

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Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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