Alpha Cubed Investments LLC Acquires 726 Shares of Amazon.com, Inc. (AMZN)

Alpha Cubed Investments LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,690 shares of the e-commerce giant’s stock after purchasing an additional 726 shares during the period. Alpha Cubed Investments LLC’s holdings in Amazon.com were worth $5,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Vestor Capital LLC grew its stake in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares in the last quarter. Clear Investment Research LLC grew its stake in Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares in the last quarter. WealthTrust Arizona LLC grew its stake in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new position in Amazon.com during the second quarter valued at approximately $116,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in Amazon.com during the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 59.76% of the company’s stock.

Amazon.com, Inc. (AMZN) opened at $1,168.36 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The stock has a market cap of $563,000.00, a PE ratio of 295.04, a price-to-earnings-growth ratio of 13.29 and a beta of 1.46. Amazon.com, Inc. has a one year low of $747.70 and a one year high of $1,213.41.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. Amazon.com’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. equities research analysts forecast that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.

AMZN has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. Monness Crespi & Hardt raised shares of Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective for the company in a research note on Friday, October 27th. Leerink Swann reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a research note on Tuesday, November 7th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, December 4th. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $1,237.19.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the transaction, the director now owns 17,114 shares in the company, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock worth $444,391,701 in the last 90 days. Company insiders own 17.70% of the company’s stock.

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Amazon.com Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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