McCarthy & Cox bought a new position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 915 shares of the e-commerce giant’s stock, valued at approximately $201,000.
A number of other large investors have also bought and sold shares of AMZN. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth $40,000. Maryland Capital Advisors Inc. grew its stake in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the period. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter worth $42,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
Shares of AMZN opened at $219.51 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $226.55 and a two-hundred day simple moving average of $211.13. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.47 and a beta of 1.28. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.
Insider Activity
In related news, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,845,122 shares of company stock valued at $4,731,747,929 in the last three months. 9.70% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several brokerages recently weighed in on AMZN. Susquehanna upped their price target on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Stifel Nicolaus upped their price target on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Barclays upped their price target on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Finally, BMO Capital Markets upped their price target on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $266.26.
Read Our Latest Research Report on Amazon.com
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.
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