Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,233 shares of the e-commerce giant’s stock after buying an additional 504 shares during the quarter. Amazon.com comprises approximately 2.5% of Capital Investment Services of America Inc.’s holdings, making the stock its 19th largest position. Capital Investment Services of America Inc.’s holdings in Amazon.com were worth $25,159,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc grew its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com during the 4th quarter valued at $51,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $219.39 on Tuesday. The firm has a market capitalization of $2.33 trillion, a PE ratio of 35.73, a PEG ratio of 1.68 and a beta of 1.34. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $203.30 and its 200 day simple moving average is $208.67.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer directly owned 517,050 shares of the company’s stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,061,100 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMZN shares. Wedbush restated an “outperform” rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Citigroup reissued a “buy” rating on shares of Amazon.com in a research note on Monday, June 2nd. JPMorgan Chase & Co. raised their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Evercore ISI lowered their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Scotiabank dropped their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $245.81.

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.