Capital Market Strategies LLC Has $2.35 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Market Strategies LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,692 shares of the e-commerce giant's stock after purchasing an additional 1,296 shares during the quarter. Amazon.com comprises about 1.3% of Capital Market Strategies LLC's investment portfolio, making the stock its 16th biggest position. Capital Market Strategies LLC's holdings in Amazon.com were worth $2,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC grew its stake in Amazon.com by 3.4% in the 3rd 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. Legal & General Group Plc raised its holdings in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after acquiring an additional 1,042,177 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Amazon.com by 3.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock worth $10,776,201,000 after acquiring an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Amazon.com by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after acquiring an additional 1,980,663 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, January 10th. Bank of America upped their price target on Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $245.65.

Amazon.com Trading Up 2.4 %

Shares of NASDAQ:AMZN traded up $5.28 during midday trading on Friday, hitting $225.94. The company had a trading volume of 42,097,354 shares, compared to its average volume of 27,997,364. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $233.00. The firm has a fifty day simple moving average of $217.91 and a 200 day simple moving average of $196.28. The stock has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company earned $0.85 EPS. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current year.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. Company insiders own 10.80% of the company's stock.

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.