Capital Investment Advisory Services LLC Has $15.63 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Investment Advisory Services LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 86,662 shares of the e-commerce giant's stock after selling 8,220 shares during the period. Amazon.com comprises approximately 1.7% of Capital Investment Advisory Services LLC's portfolio, making the stock its 7th biggest holding. Capital Investment Advisory Services LLC's holdings in Amazon.com were worth $15,632,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMZN. Members Trust Co raised its holdings in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant's stock valued at $638,000 after acquiring an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC raised its holdings in Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant's stock worth $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp lifted its position in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant's stock worth $10,875,000 after purchasing an additional 2,273 shares during the period. Nicholas Company Inc. boosted its stake in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant's stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant's stock valued at $825,065,000 after buying an additional 277,631 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $0.17 on Tuesday, hitting $187.23. 27,235,100 shares of the company's stock were exchanged, compared to its average volume of 42,160,086. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market capitalization of $1.95 trillion, a PE ratio of 52.45, a PEG ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $191.70. The company has a 50-day simple moving average of $182.79 and a 200-day simple moving average of $169.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. Amazon.com's revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMZN shares. Telsey Advisory Group lifted their price objective on Amazon.com from $200.00 to $215.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. Evercore ISI raised their target price on Amazon.com from $220.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Maxim Group dropped their target price on shares of Amazon.com from $318.00 to $238.00 and set a "buy" rating on the stock in a report on Wednesday, May 1st. Finally, Tigress Financial upped their target price on shares of Amazon.com from $210.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of "Buy" and an average target price of $213.82.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company's stock, valued at $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is owned by corporate insiders.

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.

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