Calton & Associates Inc. Purchases 8,339 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Calton & Associates Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 120.8% during the third quarter, Holdings Channel.com reports. The firm owned 15,240 shares of the e-commerce giant’s stock after purchasing an additional 8,339 shares during the period. Amazon.com accounts for 1.1% of Calton & Associates Inc.’s holdings, making the stock its 21st biggest position. Calton & Associates Inc.’s holdings in Amazon.com were worth $2,840,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Garrison Point Advisors LLC lifted its stake in shares of Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after buying an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. lifted its position in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after acquiring an additional 55 shares in the last quarter. O Connor Financial Group LLC boosted its holdings in shares of Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after acquiring an additional 55 shares during the period. Cherrydale Wealth Management LLC grew its position in shares of Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after purchasing an additional 55 shares in the last quarter. Finally, O Dell Group LLC raised its stake in shares of Amazon.com by 0.4% during the 1st quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock valued at $2,460,000 after purchasing an additional 57 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $197.12 on Friday. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. The company’s 50-day moving average is $193.00 and its 200 day moving average is $186.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Benchmark boosted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Wedbush increased their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.77.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.