Capital Management Corp VA Has $297,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Management Corp VA reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,560 shares of the e-commerce giant’s stock after selling 60 shares during the period. Capital Management Corp VA’s holdings in Amazon.com were worth $297,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Northern Capital Management Inc. grew its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after acquiring an additional 45 shares during the last quarter. Talisman Wealth Advisors LLC boosted its stake in shares of Amazon.com by 1.2% in the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $1,020,000 after purchasing an additional 53 shares during the last quarter. SWAN Capital LLC boosted its stake in shares of Amazon.com by 3.1% in the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after purchasing an additional 55 shares during the last quarter. Lokken Investment Group LLC boosted its stake in shares of Amazon.com by 1.5% in the 4th quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock valued at $848,000 after purchasing an additional 56 shares during the last quarter. Finally, CWC Advisors LLC. boosted its stake in shares of Amazon.com by 3.1% in the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant’s stock valued at $411,000 after purchasing an additional 56 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Wednesday. DA Davidson raised their target price on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Thursday. Cantor Fitzgerald raised their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Wedbush raised their target price on shares of Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $262.87.

Amazon.com Price Performance

NASDAQ AMZN opened at $231.03 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a market capitalization of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The firm’s 50 day moving average is $221.41 and its 200-day moving average is $208.64.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company earned $1.26 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. Corporate insiders own 9.70% 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.