North Capital Inc. Makes New $1.21 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

North Capital Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,370 shares of the e-commerce giant’s stock, valued at approximately $1,212,000. Amazon.com comprises about 1.1% of North Capital Inc.’s portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Capital Management Inc. grew its stake in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares in the last quarter. Balanced Wealth Group LLC grew its stake in shares of Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after buying an additional 48 shares in the last quarter. ETF Store Inc. grew its stake in shares of Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after buying an additional 48 shares in the last quarter. TD Capital Management LLC grew its stake in shares of Amazon.com by 1.6% in the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant’s stock valued at $671,000 after buying an additional 49 shares in the last quarter. Finally, Conservest Capital Advisors Inc. grew its stake in shares of Amazon.com by 0.8% in the fourth quarter. Conservest Capital Advisors Inc. now owns 6,651 shares of the e-commerce giant’s stock valued at $1,459,000 after buying an additional 50 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 25,102,037 shares of company stock valued at $5,674,871,223. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 0.8%

Shares of NASDAQ AMZN opened at $231.01 on Wednesday. The company has a market cap of $2.45 trillion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 1.73 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $216.73 and its 200 day simple moving average is $208.97.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the business posted $0.98 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. UBS Group reiterated a “buy” rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research note on Monday. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price for the company in a research note on Friday, June 27th. Scotiabank increased their target price on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. Finally, JMP Securities increased their price target on Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a report on Thursday, July 10th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $255.21.

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.