Amazon.com, Inc. (NASDAQ:AMZN) is Capital Investment Counsel Inc's 5th Largest Position

Capital Investment Counsel Inc lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 95,931 shares of the e-commerce giant's stock after selling 16,910 shares during the period. Amazon.com accounts for approximately 3.2% of Capital Investment Counsel Inc's holdings, making the stock its 5th biggest position. Capital Investment Counsel Inc's holdings in Amazon.com were worth $21,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. International Assets Investment Management LLC boosted its position in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC increased its holdings in shares of Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. State Street Corp lifted its position in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC boosted its stake in Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in Amazon.com by 23,742.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant's stock valued at $1,119,463,000 after buying an additional 5,081,217 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 in the last ninety days. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $7.05 during trading hours on Monday, reaching $203.26. The company had a trading volume of 41,533,864 shares, compared to its average volume of 38,453,572. The firm has a market cap of $2.15 trillion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business's 50 day moving average price is $218.60 and its 200-day moving average price is $208.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMZN. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. JMP Securities reaffirmed a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Wolfe Research lifted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Needham & Company LLC restated a "buy" rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $260.65.

Amazon.com Company 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.