Cottonwood Capital Advisors LLC Buys 755 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cottonwood Capital Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,220 shares of the e-commerce giant’s stock after buying an additional 755 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Amazon.com were worth $918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Leonard Rickey Investment Advisors P.L.L.C. boosted its position in shares of Amazon.com by 2.5% during the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock worth $1,518,000 after buying an additional 288 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in Amazon.com during the second quarter valued at approximately $123,733,000. King Wealth boosted its position in Amazon.com by 4.6% during the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after purchasing an additional 1,296 shares during the last quarter. Meitav Investment House Ltd. boosted its position in Amazon.com by 3.3% during the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock valued at $81,543,000 after purchasing an additional 20,574 shares during the last quarter. Finally, Ascension Asset Management LLC acquired a new position in Amazon.com during the second quarter valued at approximately $2,001,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Rosenblatt Securities increased their price target on Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Royal Bank of Canada increased their price target on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Mizuho increased their price target on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Sanford C. Bernstein raised their price objective on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $197.95.

Get Our Latest Stock Report on Amazon.com

Amazon.com Stock Down 1.2 %

AMZN opened at $172.34 on Tuesday. The stock has a market cap of $1.79 trillion, a PE ratio of 59.43, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52 week low of $88.12 and a 52 week high of $175.39. The business’s fifty day simple moving average is $154.96 and its 200 day simple moving average is $142.61.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 4.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,120 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total transaction of $446,752.80. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $17,151,298.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Shelley Reynolds sold 3,120 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total transaction of $446,752.80. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $17,151,298.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 10,756 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the sale, the chief executive officer now owns 117,904 shares of the company’s stock, valued at $17,048,918.40. The disclosure for this sale can be found here. Insiders sold a total of 6,080,878 shares of company stock worth $1,033,083,657 over the last three months. Company insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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