Private Capital Advisors Inc. Purchases 5,522 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Private Capital Advisors Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,345 shares of the e-commerce giant's stock after buying an additional 5,522 shares during the period. Amazon.com accounts for 1.7% of Private Capital Advisors Inc.'s portfolio, making the stock its 15th biggest position. Private Capital Advisors Inc.'s holdings in Amazon.com were worth $14,145,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMZN. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC increased its stake in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the period. Capital World Investors increased its stake in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. Finally, Capital International Investors increased its stake in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at $111,114,850. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,101,037 shares of company stock valued at $5,674,726,368 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Up 0.1%

Shares of NASDAQ:AMZN traded up $0.17 during trading on Tuesday, hitting $221.47. The company had a trading volume of 37,169,192 shares, compared to its average volume of 44,928,891. The stock has a market cap of $2.36 trillion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a fifty day simple moving average of $219.94 and a two-hundred day simple moving average of $208.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) 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 the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.26 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Robert W. Baird lifted their price target on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Telsey Advisory Group lifted their price target on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Benchmark restated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Cantor Fitzgerald lifted their price target on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One equities 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 MarketBeat, Amazon.com has a consensus rating of "Buy" and an average target price of $262.45.

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.