EdgeRock Capital LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

EdgeRock Capital LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 10,890 shares of the e-commerce giant's stock, valued at approximately $2,029,000. Amazon.com comprises about 1.4% of EdgeRock Capital LLC's holdings, making the stock its 14th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Swedbank AB acquired a new stake in Amazon.com during the 1st quarter worth $2,239,757,000. Capital World Investors grew its position in Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares during the last quarter. Capital Research Global Investors increased its stake in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Amazon.com by 13,606.7% in the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after buying an additional 3,903,889 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.2 %

AMZN stock traded down $2.62 on Thursday, hitting $211.48. 42,554,968 shares of the company were exchanged, compared to its average volume of 41,427,273. The stock has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The business's fifty day moving average is $189.87 and its two-hundred day moving average is $185.36. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMZN shares. JPMorgan Chase & Co. raised their price target on Amazon.com from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Scotiabank boosted their target price on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a report on Friday, November 1st. Oppenheimer increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Loop Capital upped their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Telsey Advisory Group raised their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $235.45.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

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.