American Capital Advisory LLC Acquires 2,578 Shares of Amazon.com, Inc. $AMZN

American Capital Advisory LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.1% during the first quarter, HoldingsChannel.com reports. The firm owned 12,858 shares of the e-commerce giant’s stock after acquiring an additional 2,578 shares during the quarter. Amazon.com makes up about 1.1% of American Capital Advisory LLC’s holdings, making the stock its 17th biggest holding. American Capital Advisory LLC’s holdings in Amazon.com were worth $2,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. MilWealth Group LLC grew its stake in Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. purchased a new position in Amazon.com during the 4th quarter worth $45,000. Elkhorn Partners Limited Partnership raised its position in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares in the last quarter. Fairway Wealth LLC raised its position in Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. raised its holdings in shares of Amazon.com by 87.7% in the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after acquiring an additional 107 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. BMO Capital Markets raised their target price on shares of Amazon.com from $310.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Scotiabank restated an “outperform” rating and issued a $325.00 price target (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. BNP Paribas Exane lifted their price objective on shares of Amazon.com from $320.00 to $345.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, TD Cowen reissued a “buy” rating and issued a $340.00 price objective (down from $350.00) on shares of Amazon.com in a research note on Wednesday, July 8th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $312.76.

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Amazon.com Stock Down 1.0%

Shares of AMZN stock opened at $247.27 on Friday. The stock’s fifty day moving average price is $250.83 and its 200 day moving average price is $235.93. The company has a market cap of $2.66 trillion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.84 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. Amazon.com’s revenue was up 16.6% compared to the same quarter last year. On average, research analysts expect that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the completion of the sale, the chief executive officer owned 471,361 shares of the company’s stock, valued at approximately $129,624,275. The trade was a 5.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. The trade was a 18.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 144,274 shares of company stock worth $38,716,204 over the last three months. Corporate insiders own 8.90% of the company’s stock.

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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