Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Capital Investment Counsel Inc

Capital Investment Counsel Inc grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,076 shares of the e-commerce giant's stock after purchasing an additional 17,145 shares during the period. Amazon.com makes up about 3.2% of Capital Investment Counsel Inc's holdings, making the stock its 5th largest holding. Capital Investment Counsel Inc's holdings in Amazon.com were worth $21,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in AMZN. Tallon Kerry Patrick acquired a new position in Amazon.com during the fourth quarter worth $800,000. LaFleur & Godfrey LLC lifted its stake in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC lifted its stake in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its stake in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN traded down $18.04 on Friday, hitting $216.07. The stock had a trading volume of 65,807,773 shares, compared to its average volume of 44,434,758. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.29 trillion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 1.71 and a beta of 1.33. The company's 50-day moving average is $217.93 and its two-hundred day moving average is $209.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Evercore ISI decreased their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Truist Financial increased their target price on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. Piper Sandler increased their target price on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday. Finally, Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday. Three research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $260.65.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com 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.