Aptus Capital Advisors LLC Has $28.39 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Aptus Capital Advisors LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,054.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 267,307 shares of the e-commerce giant’s stock after acquiring an additional 244,150 shares during the quarter. Amazon.com makes up about 0.7% of Aptus Capital Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Aptus Capital Advisors LLC’s holdings in Amazon.com were worth $28,390,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMZN. Cooper Financial Group increased its position in Amazon.com by 6.5% in the 1st quarter. Cooper Financial Group now owns 3,958 shares of the e-commerce giant’s stock worth $12,903,000 after purchasing an additional 243 shares during the last quarter. Calton & Associates Inc. boosted its stake in shares of Amazon.com by 2.6% during the 1st quarter. Calton & Associates Inc. now owns 866 shares of the e-commerce giant’s stock worth $2,823,000 after acquiring an additional 22 shares in the last quarter. Kavar Capital Partners Group LLC boosted its stake in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares in the last quarter. Finally, LexAurum Advisors LLC boosted its stake in shares of Amazon.com by 10.7% during the 1st quarter. LexAurum Advisors LLC now owns 827 shares of the e-commerce giant’s stock worth $2,696,000 after acquiring an additional 80 shares in the last quarter. 57.15% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 4.3 %

NASDAQ:AMZN opened at $86.14 on Thursday. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $878.77 billion, a P/E ratio of 79.06, a P/E/G ratio of 7.23 and a beta of 1.23. The stock’s fifty day simple moving average is $115.09 and its 200-day simple moving average is $118.96.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The business had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS. Equities research analysts expect that Amazon.com, Inc. will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Piper Sandler decreased their target price on Amazon.com from $175.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Monness Crespi & Hardt decreased their target price on Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, October 28th. The Goldman Sachs Group restated a “buy” rating and set a $175.00 target price on shares of Amazon.com in a research note on Thursday, August 4th. Finally, Needham & Company LLC decreased their target price on Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $151.91.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 10,480 shares of Amazon.com stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the transaction, the senior vice president now directly owns 60,260 shares in the company, valued at $8,738,302.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 10,480 shares of Amazon.com stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total value of $1,519,704.80. Following the sale, the senior vice president now owns 60,260 shares of the company’s stock, valued at approximately $8,738,302.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 7,448 shares of Amazon.com stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.25, for a total value of $999,894.00. Following the completion of the sale, the chief executive officer now directly owns 498,572 shares in the company, valued at approximately $66,933,291. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 322,013 shares of company stock worth $15,858,230. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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