Stableford Capital II LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Stableford Capital II LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,130 shares of the e-commerce giant's stock after purchasing an additional 2,962 shares during the period. Amazon.com accounts for approximately 3.7% of Stableford Capital II LLC's portfolio, making the stock its 3rd biggest position. Stableford Capital II LLC's holdings in Amazon.com were worth $9,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its position in Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant's stock worth $32,894,000 after purchasing an additional 43,759 shares during the period. Drexel Morgan & Co. bought a new position in Amazon.com in the 1st quarter worth $203,000. TFC Financial Management Inc. lifted its position in Amazon.com by 9.5% during the 1st quarter. TFC Financial Management Inc. now owns 12,050 shares of the e-commerce giant's stock worth $2,174,000 after acquiring an additional 1,046 shares during the last quarter. Retirement Systems of Alabama lifted its position in Amazon.com by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 3,797,262 shares of the e-commerce giant's stock worth $684,950,000 after acquiring an additional 13,302 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. boosted its holdings in Amazon.com by 1.0% during the first quarter. Cutter & CO Brokerage Inc. now owns 23,971 shares of the e-commerce giant's stock valued at $4,324,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMZN shares. Wedbush boosted their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Needham & Company LLC upped their price target on Amazon.com from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research note on Friday, November 1st. JMP Securities increased their target price on shares of Amazon.com from $265.00 to $285.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Finally, Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a "buy" rating and a $260.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average target price of $235.45.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 3.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction dated Tuesday, September 24th. The shares were 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 directly owns 62,420 shares of the company's stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Down 4.2 %

AMZN stock traded down $8.87 during midday trading on Friday, hitting $202.61. The company's stock had a trading volume of 86,420,706 shares, compared to its average volume of 41,630,348. The company's fifty day moving average price is $190.54 and its 200 day moving average price is $185.54. 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, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The stock has a market capitalization of $2.13 trillion, a P/E ratio of 43.93, a PEG ratio of 1.44 and a beta of 1.14.

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