Constitution Capital LLC Has $3.53 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Constitution Capital LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% during the 4th quarter, HoldingsChannel reports. The firm owned 16,080 shares of the e-commerce giant’s stock after purchasing an additional 1,500 shares during the period. Amazon.com comprises approximately 2.0% of Constitution Capital LLC’s holdings, making the stock its 15th largest holding. Constitution Capital LLC’s holdings in Amazon.com were worth $3,528,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Icon Wealth Advisors LLC boosted its stake in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter valued at about $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com during the third quarter worth approximately $56,000. Finally, IFS Advisors LLC lifted its holdings in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $237.07 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $221.62 and a two-hundred day simple moving average of $198.03. The firm has a market capitalization of $2.49 trillion, a P/E ratio of 50.76, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $241.77.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was 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 have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AMZN shares. Bank of America increased their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Robert W. Baird lifted their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Loop Capital boosted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley increased their target price on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.46.

About Amazon.com

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.