Capital Asset Advisory Services LLC Has $6.65 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Asset Advisory Services LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,041 shares of the e-commerce giant’s stock after selling 118 shares during the quarter. Amazon.com comprises about 0.7% of Capital Asset Advisory Services LLC’s portfolio, making the stock its 24th biggest position. Capital Asset Advisory Services LLC’s holdings in Amazon.com were worth $6,654,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $14,053,756,000. Castleview Partners LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $1,143,000. Fairfield Bush & CO. raised its stake in shares of Amazon.com by 28,715.3% in the fourth quarter. Fairfield Bush & CO. now owns 1,336,741 shares of the e-commerce giant’s stock worth $11,353,000 after purchasing an additional 1,332,102 shares during the last quarter. State Street Corp raised its stake in shares of Amazon.com by 4.3% in the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after purchasing an additional 698,970 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $2,059,691,000. 72.51% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 10.4 %

NASDAQ AMZN opened at $134.95 on Friday. The stock’s 50-day simple moving average is $114.13 and its two-hundred day simple moving average is $135.09. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 65.15, a PEG ratio of 4.38 and a beta of 1.25.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The firm had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMZN. Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $155.00 to $175.00 and gave the stock a “maintains” rating in a research note on Friday. Tigress Financial reaffirmed a “buy” rating and issued a $232.00 target price on shares of Amazon.com in a report on Wednesday, June 29th. Susquehanna Bancshares reduced their target price on Amazon.com from $250.00 to $190.00 in a report on Friday, April 29th. Wolfe Research upped their target price on Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Friday. Finally, Barclays upped their target price on Amazon.com from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.45.

Insider Activity

In other news, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Shelley Reynolds sold 173 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the transaction, the vice president now directly owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,803 shares of company stock valued at $10,528,337. 12.70% of the stock is currently owned by insiders.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.