Capitol Family Office Inc. Takes $42,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capitol Family Office Inc. acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 220 shares of the e-commerce giant’s stock, valued at approximately $42,000. Amazon.com accounts for 0.1% of Capitol Family Office Inc.’s holdings, making the stock its 27th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Cable Hill Partners LLC increased its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after purchasing an additional 44 shares during the period. Northern Capital Management Inc. grew its holdings in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after acquiring an additional 45 shares during the period. White Wing Wealth Management grew its holdings in Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after acquiring an additional 47 shares during the period. Balanced Wealth Group LLC grew its holdings in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after acquiring an additional 48 shares during the period. Finally, ETF Store Inc. grew its holdings in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMZN. Citizens Jmp began coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Bank of America upped their price objective on Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Tigress Financial upped their target price on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Finally, Morgan Stanley upped their target price on Amazon.com from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $249.42.

Amazon.com Stock Up 0.3%

Shares of NASDAQ:AMZN opened at $225.69 on Tuesday. The stock’s 50-day moving average price is $210.69 and its two-hundred day moving average price is $208.38. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.69 and a beta of 1.33.

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

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president owned 47,030 shares in the company, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.