Colonial River Investments LLC Has $6.56 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Colonial River Investments LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,179 shares of the e-commerce giant's stock after purchasing an additional 2,837 shares during the period. Amazon.com comprises approximately 3.3% of Colonial River Investments LLC's investment portfolio, making the stock its 3rd biggest holding. Colonial River Investments LLC's holdings in Amazon.com were worth $6,555,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Meridian Investment Counsel Inc. grew its holdings in shares of Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock worth $594,000 after purchasing an additional 55 shares during the last quarter. O Connor Financial Group LLC grew its stake in Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock worth $473,000 after buying an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC grew its stake in Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after buying an additional 55 shares during the last quarter. Cedar Point Capital Partners LLC increased its holdings in shares of Amazon.com by 4.4% during the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock worth $247,000 after buying an additional 56 shares in the last quarter. Finally, Mason & Associates Inc boosted its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant's stock worth $2,595,000 after acquiring an additional 57 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares of the company's stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock worth $1,253,883,872 in the last quarter. Corporate insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMZN. Maxim Group raised their price target on Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Jefferies Financial Group upped their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Finally, Oppenheimer increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.00.

Amazon.com Stock Up 0.7 %

NASDAQ AMZN traded up $1.63 during trading on Friday, hitting $224.92. The stock had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company's 50-day moving average price is $205.83 and its two-hundred day moving average price is $191.38. The company has a market capitalization of $2.37 trillion, a PE ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm's 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 year.

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.