Childress Capital Advisors LLC Buys 4,222 Shares of Amazon.com, Inc. $AMZN

Childress Capital Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,169 shares of the e-commerce giant’s stock after acquiring an additional 4,222 shares during the period. Amazon.com comprises 1.5% of Childress Capital Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Childress Capital Advisors LLC’s holdings in Amazon.com were worth $8,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after buying an additional 17,447,045 shares during the last quarter. State Street Corp raised its stake in Amazon.com by 1.4% in the 2nd quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock valued at $82,073,203,000 after acquiring an additional 5,163,208 shares during the period. Geode Capital Management LLC lifted its holdings in Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after purchasing an additional 3,721,658 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its position in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares during the period. Finally, Norges Bank bought a new position in Amazon.com during the second quarter worth about $27,438,011,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $2,043,495.19. Following the transaction, the director directly owned 80,030 shares of the company’s stock, valued at $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. The trade was a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 79,734 shares of company stock worth $18,534,017 in the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Susquehanna set a $300.00 price target on shares of Amazon.com and gave the company a “positive” rating in a research note on Friday, October 31st. Loop Capital boosted their target price on shares of Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Rothschild & Co Redburn dropped their price objective on Amazon.com from $250.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.42.

Check Out Our Latest Research Report on Amazon.com

Amazon.com Price Performance

AMZN stock opened at $231.37 on Thursday. The firm has a 50 day simple moving average of $231.66 and a two-hundred day simple moving average of $228.86. The stock has a market cap of $2.47 trillion, a PE ratio of 32.68, a P/E/G ratio of 1.45 and a beta of 1.37. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80.

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

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

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