Capitol Family Office Inc. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capitol Family Office Inc. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,405 shares of the e-commerce giant's stock, valued at approximately $458,000. Amazon.com accounts for approximately 0.6% of Capitol Family Office Inc.'s holdings, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,339,470 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $229.39, for a total transaction of $536,651,023.30. Following the completion of the transaction, the insider owned 887,933,999 shares in the company, valued at approximately $203,683,180,030.61. The trade was a 0.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,947,939 shares of company stock worth $4,720,588,785 in the last 90 days. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank raised their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday. Needham & Company LLC upped their target price on shares of Amazon.com from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday. Moffett Nathanson upped their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Piper Sandler set a $250.00 target price on shares of Amazon.com and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group dropped their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.33.

Amazon.com Price Performance

NASDAQ:AMZN traded down $0.54 during mid-day trading on Friday, reaching $231.69. The stock had a trading volume of 4,195,002 shares, compared to its average volume of 43,980,141. The stock has a 50-day simple moving average of $215.14 and a two-hundred day simple moving average of $208.84. The stock has a market capitalization of $2.46 trillion, a PE ratio of 37.74, a P/E/G ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.