IMS Capital Management Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

IMS Capital Management boosted its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,541 shares of the e-commerce giant’s stock after buying an additional 1,594 shares during the quarter. Amazon.com makes up about 3.6% of IMS Capital Management’s holdings, making the stock its 4th biggest position. IMS Capital Management’s holdings in Amazon.com were worth $5,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Iron Horse Wealth Management LLC grew its position in Amazon.com by 4,540.0% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares during the last quarter. Wells Financial Advisors INC raised its stake in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after purchasing an additional 266 shares in the last quarter. Knott David M Jr bought a new position in shares of Amazon.com during the 2nd quarter worth about $32,000. Laurel Wealth Planning LLC boosted its holdings in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC grew its position in Amazon.com by 1,900.0% in the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after acquiring an additional 342 shares during the period. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMZN. New Street Research began coverage on Amazon.com in a report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price target for the company. Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. The Goldman Sachs Group dropped their target price on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Susquehanna raised their price target on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Finally, Truist Financial reduced their target price on Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Stock Up 1.4 %

NASDAQ:AMZN opened at $96.20 on Thursday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The firm has a market capitalization of $985.79 billion, a price-to-earnings ratio of -356.30, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $96.42 and its two-hundred day moving average price is $101.95.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is owned by company insiders.

About Amazon.com

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.