Capital Advantage Inc. Buys 91 Shares of Amazon.com, Inc. (AMZN)

Capital Advantage Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.6% in the third quarter, HoldingsChannel.com reports. The fund owned 761 shares of the e-commerce giant’s stock after acquiring an additional 91 shares during the period. Amazon.com makes up approximately 0.4% of Capital Advantage Inc.’s holdings, making the stock its 27th largest holding. Capital Advantage Inc.’s holdings in Amazon.com were worth $1,524,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AMZN. Spirit of America Management Corp NY bought a new stake in Amazon.com during the third quarter valued at about $110,000. Taylor Hoffman Wealth Management increased its position in shares of Amazon.com by 192.3% in the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 50 shares in the last quarter. JJJ Advisors Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at approximately $175,000. WP Advisors LLC purchased a new stake in shares of Amazon.com in the second quarter valued at approximately $177,000. Finally, New Potomac Partners LLC increased its position in shares of Amazon.com by 130.0% in the second quarter. New Potomac Partners LLC now owns 115 shares of the e-commerce giant’s stock valued at $195,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

In other news, Director Daniel P. Huttenlocher sold 181 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,579.89, for a total value of $285,960.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 437 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $1,573.11, for a total value of $687,449.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,503 shares of company stock worth $8,552,040. Corporate insiders own 16.30% of the company’s stock.

AMZN has been the subject of a number of recent analyst reports. BidaskClub cut Amazon.com from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. Royal Bank of Canada restated a “buy” rating on shares of Amazon.com in a research report on Friday, January 25th. Stifel Nicolaus restated a “buy” rating and issued a $2,300.00 price objective (down from $2,400.00) on shares of Amazon.com in a research report on Friday, February 1st. Benchmark cut their price objective on Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. Finally, Barclays cut their price objective on Amazon.com from $2,100.00 to $1,950.00 and set an “overweight” rating for the company in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have assigned a buy rating to the company. Amazon.com presently has an average rating of “Buy” and a consensus target price of $2,107.33.

Shares of Amazon.com stock opened at $1,591.00 on Tuesday. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50. The firm has a market capitalization of $780.14 billion, a PE ratio of 79.00, a price-to-earnings-growth ratio of 2.23 and a beta of 1.62. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The business had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. During the same quarter in the prior year, the company posted $2.16 EPS. Equities analysts forecast that Amazon.com, Inc. will post 26.47 earnings per share for the current fiscal year.

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Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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