Campbell Capital Management Inc. Has $5.04 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)


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Campbell Capital Management Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 35.8% in the 1st quarter, Holdings Channel reports. The fund owned 1,630 shares of the e-commerce giant’s stock after buying an additional 430 shares during the period. Amazon.com accounts for 2.3% of Campbell Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Campbell Capital Management Inc.’s holdings in Amazon.com were worth $5,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Joel Isaacson & Co. LLC grew its holdings in shares of Amazon.com by 6.3% during the fourth quarter. Joel Isaacson & Co. LLC now owns 3,231 shares of the e-commerce giant’s stock worth $10,523,000 after purchasing an additional 191 shares during the last quarter. NinePointTwo Capital bought a new stake in Amazon.com in the fourth quarter valued at approximately $1,896,000. Polar Capital LLP boosted its holdings in Amazon.com by 1.7% in the third quarter. Polar Capital LLP now owns 128,949 shares of the e-commerce giant’s stock valued at $406,026,000 after acquiring an additional 2,199 shares during the last quarter. Castle Rock Wealth Management LLC boosted its holdings in Amazon.com by 15.5% in the third quarter. Castle Rock Wealth Management LLC now owns 1,477 shares of the e-commerce giant’s stock valued at $4,704,000 after acquiring an additional 198 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in Amazon.com by 4.1% in the third quarter. Peapack Gladstone Financial Corp now owns 10,088 shares of the e-commerce giant’s stock valued at $31,764,000 after acquiring an additional 395 shares during the last quarter. 56.39% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on AMZN. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $4,050.00 to $4,250.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Stifel Nicolaus upped their target price on Amazon.com from $3,600.00 to $4,000.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. The Goldman Sachs Group upped their target price on Amazon.com from $4,200.00 to $4,500.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Bank of America upped their target price on Amazon.com from $3,650.00 to $4,000.00 in a report on Thursday, January 21st. Finally, Susquehanna boosted their price target on Amazon.com from $4,000.00 to $5,200.00 and gave the company a “positive” rating in a research note on Wednesday, February 3rd. Two equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $3,930.67.

NASDAQ AMZN traded up $33.09 during trading hours on Thursday, hitting $3,312.48. The company had a trading volume of 90,474 shares, compared to its average volume of 3,599,911. Amazon.com, Inc. has a 52 week low of $2,011.15 and a 52 week high of $3,552.25. The firm has a 50 day simple moving average of $3,112.50 and a 200 day simple moving average of $3,173.79. 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 has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 96.03, a PEG ratio of 2.37 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share for the quarter, beating the consensus estimate of $7.05 by $7.04. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm had revenue of $125.56 billion for the quarter, compared to analysts’ expectations of $119.73 billion. During the same quarter last year, the firm posted $6.47 EPS. The company’s revenue was up 43.6% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 34.59 earnings per share for the current year.

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

About Amazon.com

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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