Nelson Van Denburg & Campbell Wealth Management Group LLC Acquires 1,094 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,589 shares of the e-commerce giant’s stock after purchasing an additional 1,094 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Amazon.com were worth $6,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bridgefront Capital LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC boosted its position in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $258,000. My Personal CFO LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $191,000. Institutional investors own 57.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMZN shares. Royal Bank of Canada lowered their target price on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Wolfe Research lowered their target price on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Wells Fargo & Company lowered their target price on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. UBS Group lowered their target price on shares of Amazon.com from $165.00 to $125.00 in a research note on Wednesday, January 4th. Finally, New Street Research started coverage on shares of Amazon.com in a research note on Wednesday, January 4th. They issued a “buy” rating and a $130.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $93.68 on Friday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The business has a 50-day simple moving average of $90.79 and a two-hundred day simple moving average of $110.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The firm has a market cap of $955.69 billion, a price-to-earnings ratio of 85.98, a price-to-earnings-growth ratio of 3.09 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the previous year, the company earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the transaction, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $11,259,320. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 in the last quarter. 12.70% of the stock is currently owned by insiders.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

See Also

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

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