Cadinha & Co. LLC Has $1.13 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cadinha & Co. LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.3% in the third quarter, Holdings Channel.com reports. The firm owned 8,880 shares of the e-commerce giant’s stock after buying an additional 1,500 shares during the period. Cadinha & Co. LLC’s holdings in Amazon.com were worth $1,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest Wealth Management LLC raised its stake in shares of Amazon.com by 1.4% during the third quarter. Northwest Wealth Management LLC now owns 25,627 shares of the e-commerce giant’s stock worth $3,258,000 after acquiring an additional 352 shares in the last quarter. Nilsine Partners LLC boosted its holdings in Amazon.com by 12.0% in the third quarter. Nilsine Partners LLC now owns 96,546 shares of the e-commerce giant’s stock valued at $12,273,000 after acquiring an additional 10,329 shares in the last quarter. Emfo LLC boosted its holdings in Amazon.com by 0.8% in the third quarter. Emfo LLC now owns 26,220 shares of the e-commerce giant’s stock valued at $3,333,000 after acquiring an additional 200 shares in the last quarter. Aspen Investment Management Inc lifted its position in Amazon.com by 4.0% during the third quarter. Aspen Investment Management Inc now owns 14,082 shares of the e-commerce giant’s stock valued at $1,790,000 after buying an additional 542 shares during the period. Finally, ESG Planning lifted its position in Amazon.com by 282.8% during the third quarter. ESG Planning now owns 6,565 shares of the e-commerce giant’s stock valued at $835,000 after buying an additional 4,850 shares during the period. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the sale, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at $294,458,086.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 61,829 shares of company stock valued at $8,885,713 over the last three months. 12.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN opened at $169.15 on Wednesday. The stock has a fifty day moving average of $152.91 and a 200-day moving average of $141.39. The firm has a market capitalization of $1.75 trillion, a P/E ratio of 58.33, a PEG ratio of 1.62 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $88.12 and a 12-month high of $172.50. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the prior year, the business posted $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 3.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. DA Davidson lifted their price target on Amazon.com from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Telsey Advisory Group boosted their price target on Amazon.com from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm boosted their price target on Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company boosted their price objective on Amazon.com from $197.00 to $211.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, TheStreet upgraded Amazon.com from a “c+” rating to a “b-” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $197.95.

Read Our Latest Stock Analysis on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

See Also

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

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