Courier Capital LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Courier Capital LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,116 shares of the e-commerce giant’s stock after buying an additional 117 shares during the period. Courier Capital LLC’s holdings in Amazon.com were worth $10,456,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMZN. U.S. Capital Wealth Advisors LLC grew its position in Amazon.com by 4.0% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 165,534 shares of the e-commerce giant’s stock worth $30,844,000 after purchasing an additional 6,354 shares in the last quarter. Sterling Investment Counsel LLC lifted its position in shares of Amazon.com by 7.9% during the 3rd quarter. Sterling Investment Counsel LLC now owns 27,292 shares of the e-commerce giant’s stock worth $5,085,000 after buying an additional 1,999 shares in the last quarter. BetterWealth LLC boosted its stake in shares of Amazon.com by 0.8% in the 3rd quarter. BetterWealth LLC now owns 7,192 shares of the e-commerce giant’s stock worth $1,340,000 after buying an additional 60 shares during the last quarter. Coston McIsaac & Partners grew its holdings in shares of Amazon.com by 3.9% in the third quarter. Coston McIsaac & Partners now owns 3,043 shares of the e-commerce giant’s stock valued at $567,000 after acquiring an additional 113 shares in the last quarter. Finally, Guidance Capital Inc. increased its position in shares of Amazon.com by 13.3% during the third quarter. Guidance Capital Inc. now owns 6,313 shares of the e-commerce giant’s stock valued at $1,193,000 after acquiring an additional 743 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock worth $1,252,148,795 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 2.2 %

Shares of NASDAQ:AMZN opened at $201.45 on Tuesday. The firm has a market capitalization of $2.12 trillion, a PE ratio of 43.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The firm has a fifty day moving average of $193.33 and a 200 day moving average of $186.38.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMZN shares. Benchmark boosted their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, Morgan Stanley increased their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.77.

Amazon.com Profile

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.