Advisors Capital Management LLC Invests $260,000 in Amazon.com, Inc. (AMZN)

Advisors Capital Management LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 270 shares of the e-commerce giant’s stock, valued at approximately $260,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vestor Capital LLC increased its position in shares of Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares during the last quarter. Clear Investment Research LLC increased its position in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares during the last quarter. WealthTrust Arizona LLC increased its position in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com in the second quarter worth approximately $116,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Amazon.com in the second quarter worth approximately $121,000. Hedge funds and other institutional investors own 59.76% of the company’s stock.

AMZN has been the topic of several research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research report on Wednesday, October 11th. Wedbush set a $1,250.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Monday, October 23rd. Royal Bank of Canada set a $1,100.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Monday, September 11th. Morgan Stanley reiterated a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a research report on Tuesday, October 10th. Finally, Atlantic Securities reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and an average price target of $1,237.19.

Shares of Amazon.com, Inc. (AMZN) opened at $1,168.36 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a 12 month low of $747.70 and a 12 month high of $1,213.41. The stock has a market capitalization of $563,000.00, a P/E ratio of 295.04, a price-to-earnings-growth ratio of 13.29 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same period in the previous year, the firm earned $0.52 EPS. The business’s revenue was up 33.7% compared to the same quarter last year. sell-side analysts expect that Amazon.com, Inc. will post 4.24 earnings per share for the current year.

In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 402,338 shares of company stock worth $444,391,701. Corporate 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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