BayBridge Capital Group LLC Grows Stock Holdings in Amazon.com, Inc. $AMZN

BayBridge Capital Group LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 28.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,380 shares of the e-commerce giant’s stock after purchasing an additional 2,325 shares during the period. Amazon.com comprises about 1.5% of BayBridge Capital Group LLC’s holdings, making the stock its 13th largest holding. BayBridge Capital Group LLC’s holdings in Amazon.com were worth $2,279,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the second quarter valued at about $27,000. Maryland Capital Advisors Inc. lifted its stake 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 valued at $46,000 after acquiring an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $48,000. Cooksen Wealth LLC boosted its holdings in Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after acquiring an additional 47 shares during the period. Finally, Access Investment Management LLC bought a new position in Amazon.com during the 2nd quarter worth approximately $74,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on 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 transaction, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,734 shares of company stock worth $18,534,017 over the last quarter. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, November 26th. Guggenheim upgraded shares of Amazon.com to a “strong-buy” rating in a report on Wednesday, December 10th. William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. KeyCorp restated an “overweight” rating on shares of Amazon.com in a research report on Friday, December 5th. Finally, Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $295.50.

View Our Latest Analysis on AMZN

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Amazon.com Trading Up 0.2%

Shares of AMZN opened at $232.53 on Wednesday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $231.61 and its 200-day moving average price is $226.55. The firm has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.60 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion during 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%. Amazon.com’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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

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