Axecap Investments LLC Purchases Shares of 5,142 Amazon.com, Inc. (NASDAQ:AMZN)

Axecap Investments LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,142 shares of the e-commerce giant’s stock, valued at approximately $958,000.

A number of other institutional investors have also bought and sold shares of AMZN. McAdam LLC boosted its position in shares of Amazon.com by 7.6% during the third quarter. McAdam LLC now owns 25,455 shares of the e-commerce giant’s stock worth $4,743,000 after acquiring an additional 1,802 shares during the last quarter. Fulcrum Capital LLC boosted its holdings in shares of Amazon.com by 10.7% during the 3rd quarter. Fulcrum Capital LLC now owns 100,157 shares of the e-commerce giant’s stock valued at $18,662,000 after purchasing an additional 9,677 shares during the last quarter. Wallington Asset Management LLC boosted its holdings in shares of Amazon.com by 8.6% during the 3rd quarter. Wallington Asset Management LLC now owns 92,382 shares of the e-commerce giant’s stock valued at $17,214,000 after purchasing an additional 7,345 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of Amazon.com by 4.0% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 165,534 shares of the e-commerce giant’s stock valued at $30,844,000 after purchasing an additional 6,354 shares in the last quarter. Finally, Sterling Investment Counsel LLC increased its holdings in shares of Amazon.com by 7.9% in the third quarter. Sterling Investment Counsel LLC now owns 27,292 shares of the e-commerce giant’s stock worth $5,085,000 after purchasing an additional 1,999 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 3.2 %

NASDAQ AMZN opened at $207.86 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.19 trillion, a PE ratio of 44.51, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company has a 50 day moving average price of $193.75 and a 200 day moving average price of $186.52. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on AMZN shares. Needham & Company LLC upped their price objective on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Rosenblatt Securities upped their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Roth Mkm boosted their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.20.

About Amazon.com

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.