Amazon.com, Inc. $AMZN Shares Purchased by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,939 shares of the e-commerce giant’s stock after acquiring an additional 3,950 shares during the quarter. Amazon.com accounts for about 1.0% of Coppell Advisory Solutions LLC’s portfolio, making the stock its 23rd biggest holding. Coppell Advisory Solutions LLC’s holdings in Amazon.com were worth $8,248,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMZN. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the second quarter valued at $27,000. Maryland Capital Advisors Inc. grew its holdings in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new stake in shares of Amazon.com during the second quarter worth $48,000. Cooksen Wealth LLC lifted its holdings in shares of Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Amazon.com in the 1st quarter valued at $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. HSBC upped their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price objective (up previously from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Amazon.com in a research note on Monday, December 1st. Barclays restated an “overweight” rating and issued a $300.00 target price (up previously from $275.00) on shares of Amazon.com in a report on Friday, October 31st. Finally, Evercore ISI lifted their price target on Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $295.43.

Amazon.com Trading Down 1.8%

Shares of NASDAQ AMZN opened at $226.19 on Monday. The business has a 50 day simple moving average of $229.35 and a 200 day simple moving average of $225.01. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The stock has a market cap of $2.42 trillion, a price-to-earnings ratio of 31.95, a PEG ratio of 1.56 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,234 shares of company stock worth $19,076,767 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.