Maiden Cove Capital LLC Purchases New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Maiden Cove Capital LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,958 shares of the e-commerce giant's stock, valued at approximately $781,000. Amazon.com accounts for approximately 1.6% of Maiden Cove Capital LLC's portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com during the third quarter worth approximately $45,000. Values First Advisors Inc. bought a new position in Amazon.com during the 3rd quarter worth $56,000. Finally, Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction 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. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Morgan Stanley boosted 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. Piper Sandler increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Truist Financial boosted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, UBS Group raised their target price on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $243.00.

Amazon.com Stock Up 0.7 %

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

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating 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 the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 EPS. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.