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


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Campbell Capital Management Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 35.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,630 shares of the e-commerce giant’s stock after buying an additional 430 shares during the period. Amazon.com comprises about 2.3% of Campbell Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Campbell Capital Management Inc.’s holdings in Amazon.com were worth $5,043,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Mosaic Family Wealth LLC raised its holdings in shares of Amazon.com by 0.4% during the fourth quarter. Mosaic Family Wealth LLC now owns 787 shares of the e-commerce giant’s stock valued at $2,563,000 after acquiring an additional 3 shares during the period. Hallmark Capital Management Inc. grew its position in Amazon.com by 0.7% during the fourth quarter. Hallmark Capital Management Inc. now owns 445 shares of the e-commerce giant’s stock valued at $1,449,000 after purchasing an additional 3 shares in the last quarter. Summit Asset Management LLC grew its position in Amazon.com by 0.4% during the fourth quarter. Summit Asset Management LLC now owns 722 shares of the e-commerce giant’s stock valued at $2,352,000 after purchasing an additional 3 shares in the last quarter. Core Wealth Advisors Inc. grew its position in Amazon.com by 1.8% during the fourth quarter. Core Wealth Advisors Inc. now owns 173 shares of the e-commerce giant’s stock valued at $563,000 after purchasing an additional 3 shares in the last quarter. Finally, Ironwood Wealth Management LLC. grew its position in Amazon.com by 6.3% during the third quarter. Ironwood Wealth Management LLC. now owns 67 shares of the e-commerce giant’s stock valued at $211,000 after purchasing an additional 4 shares in the last quarter. Institutional investors and hedge funds own 56.39% of the company’s stock.

Shares of AMZN stock traded up $33.09 during mid-day trading on Thursday, reaching $3,312.48. The company’s stock had a trading volume of 90,474 shares, compared to its average volume of 3,599,911. Amazon.com, Inc. has a 1-year low of $2,011.15 and a 1-year high of $3,552.25. The company has a market cap of $1.67 trillion, a P/E ratio of 96.03, a PEG ratio of 2.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11. The firm’s 50-day moving average is $3,112.50 and its two-hundred day moving average is $3,173.79.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.05 by $7.04. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The company had revenue of $125.56 billion during the quarter, compared to analysts’ expectations of $119.73 billion. During the same quarter in the prior year, the company posted $6.47 EPS. The business’s revenue was up 43.6% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 34.59 EPS for the current year.

In other news, CEO David H. Clark sold 1,019 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the sale, the chief executive officer now owns 1,452 shares of the company’s stock, valued at approximately $4,730,441.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Judith A. Mcgrath sold 340 shares of the company’s stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $3,328.35, for a total transaction of $1,131,639.00. Following the completion of the sale, the director now directly owns 1,984 shares in the company, valued at approximately $6,603,446.40. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by corporate insiders.

A number of research analysts recently commented on AMZN shares. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $4,000.00 to $4,250.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Cowen boosted their price objective on shares of Amazon.com from $4,350.00 to $4,400.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. UBS Group reaffirmed a “buy” rating and set a $4,150.00 price objective (up from $4,000.00) on shares of Amazon.com in a research report on Wednesday, February 3rd. Wedbush reaffirmed an “outperform” rating and set a $4,000.00 price objective (up from $3,900.00) on shares of Amazon.com in a research report on Wednesday, February 3rd. Finally, Raymond James boosted their target price on shares of Amazon.com from $3,500.00 to $4,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 3rd. Two research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $3,930.67.

Amazon.com Profile

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

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

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