Copley Financial Group Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,786 shares of the e-commerce giant's stock, valued at approximately $705,000. Amazon.com comprises about 0.6% of Copley Financial Group Inc.'s holdings, making the stock its 23rd largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rench Wealth Management Inc. grew its holdings in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after acquiring an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after purchasing an additional 16,392 shares during the last quarter. Blankinship & Foster LLC increased its position in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after purchasing an additional 4,740 shares during the last quarter. Umpqua Bank raised its stake in shares of Amazon.com by 0.4% during the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after purchasing an additional 137 shares during the period. Finally, Washington Trust Advisors Inc. boosted its holdings in shares of Amazon.com by 0.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock worth $41,972,000 after buying an additional 982 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Shares of Amazon.com stock opened at $225.94 on Friday. The company's fifty day simple moving average is $217.56 and its two-hundred day simple moving average is $196.10. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00. The firm has a market cap of $2.38 trillion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 5.38 EPS for the current year.

Several analysts have commented on the stock. Telsey Advisory Group lifted their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Susquehanna increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a report on Friday, November 1st. Maxim Group boosted their target price on Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Tigress Financial boosted their price objective on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Two 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $245.65.

View Our Latest Stock Report on Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business's 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 owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by insiders.

(Free Report)

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.

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