Capital Advisors Inc. OK raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,977.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 388,851 shares of the e-commerce giant's stock after acquiring an additional 370,132 shares during the quarter. Amazon.com makes up 1.2% of Capital Advisors Inc. OK's investment portfolio, making the stock its 26th biggest holding. Capital Advisors Inc. OK's holdings in Amazon.com were worth $41,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Galibier Capital Management Ltd. purchased a new stake in Amazon.com during the 2nd quarter valued at approximately $1,519,000. Valley National Advisers Inc. grew its holdings in shares of Amazon.com by 1,902.3% in the 2nd quarter. Valley National Advisers Inc. now owns 40,927 shares of the e-commerce giant's stock worth $4,761,000 after acquiring an additional 38,883 shares during the period. First Financial Corp IN grew its holdings in shares of Amazon.com by 1,915.2% in the 2nd quarter. First Financial Corp IN now owns 7,980 shares of the e-commerce giant's stock worth $848,000 after acquiring an additional 7,584 shares during the period. Cohen Klingenstein LLC grew its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Cohen Klingenstein LLC now owns 628,060 shares of the e-commerce giant's stock valued at $66,706,000 after buying an additional 596,657 shares during the last quarter. Finally, Atlas Brown Inc. grew its holdings in Amazon.com by 1,943.4% during the 2nd quarter. Atlas Brown Inc. now owns 27,239 shares of the e-commerce giant's stock valued at $2,893,000 after buying an additional 25,906 shares during the last quarter. 57.15% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.6 %

NASDAQ AMZN opened at $113.00 on Monday. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The stock has a market cap of $1.15 trillion, a price-to-earnings ratio of 101.30, a PEG ratio of 5.15 and a beta of 1.33. The firm's 50 day moving average price is $129.81 and its two-hundred day moving average price is $128.63.

Insider Activity

In other news, CEO Adam Selipsky sold 520 shares of the business's stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of the business's stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 23,620 shares of the business's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at $269,212,680. The disclosure for this sale can be found here. Insiders have sold a total of 70,628 shares of company stock worth $9,802,599 in the last ninety days. Corporate insiders own 12.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Truist Financial decreased their price objective on Amazon.com from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, September 28th. Itaú Unibanco assumed coverage on Amazon.com in a research report on Tuesday, July 26th. They issued an "outperform" rating and a $146.00 price objective on the stock. UBS Group raised their target price on Amazon.com from $167.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, July 29th. Mizuho lowered their target price on Amazon.com from $197.50 to $155.00 and set a "buy" rating for the company in a research note on Thursday, July 21st. They noted that the move was a valuation call. Finally, DA Davidson reiterated a "buy" rating and issued a $151.00 price target on shares of Amazon.com in a research note on Friday, August 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have given a buy rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $176.49.

About Amazon.com

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

• Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
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