Amazon.com, Inc. $AMZN Stock Holdings Boosted by Carnegie Investment Counsel

Carnegie Investment Counsel raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 468,800 shares of the e-commerce giant’s stock after purchasing an additional 7,994 shares during the quarter. Amazon.com makes up about 1.9% of Carnegie Investment Counsel’s holdings, making the stock its 9th biggest holding. Carnegie Investment Counsel’s holdings in Amazon.com were worth $102,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the second quarter valued at approximately $27,000. Maryland Capital Advisors Inc. increased its stake in 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 buying an additional 95 shares in the last quarter. Ryan Investment Management Inc. bought a new position in Amazon.com in the 2nd quarter worth approximately $48,000. Cooksen Wealth LLC increased its holdings in Amazon.com by 23.5% in 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 last quarter. Finally, Access Investment Management LLC bought a new position in Amazon.com during the second quarter valued at approximately $74,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was 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 of the company’s stock, valued at $1,360,613.70. This trade represents a 73.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 900 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director owned 7,170 shares in the company, valued at $1,670,610. The trade was a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 79,734 shares of company stock worth $18,534,017 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMZN shares. Barclays reiterated an “overweight” rating and issued a $300.00 price target (up previously from $275.00) on shares of Amazon.com in a research report on Friday, October 31st. JPMorgan Chase & Co. reissued a “buy” rating and set a $305.00 target price on shares of Amazon.com in a research report on Friday, December 12th. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Citizens Jmp reissued a “market outperform” rating and issued a $300.00 price target on shares of Amazon.com in a report on Wednesday, December 3rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Amazon.com in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $295.50.

View Our Latest Stock Report on Amazon.com

Amazon.com Price Performance

Amazon.com stock opened at $226.50 on Monday. The stock has a market capitalization of $2.42 trillion, a P/E ratio of 31.99, a P/E/G ratio of 1.42 and a beta of 1.37. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company’s fifty day moving average price is $232.10 and its 200 day moving average price is $226.86. 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:AMZNGet Free Report) last posted 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 company had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Key Amazon.com News

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

Amazon.com 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.

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

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