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.

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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.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company had revenue of $121.23 billion for the quarter, compared to analysts' expectations of $119.16 billion. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The company's revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 0.98 EPS for the current year.

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

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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

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