Cloud Capital Management LLC Invests $2.54 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Cloud Capital Management LLC acquired a new stake of 13,360 shares in Amazon.com, valued at approximately $2.54 million, making it the firm's 15th largest holding.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon, worth nearly $961 million, resulting in a 0.47% decrease in his ownership.
• Amazon's latest quarterly earnings reported a net revenue of $167.70 billion, exceeding estimates by $5.9 billion, and showed a year-over-year earnings per share increase from $1.26 to $1.68.

Cloud Capital Management LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,360 shares of the e-commerce giant's stock, valued at approximately $2,541,000. Amazon.com makes up about 1.8% of Cloud Capital Management LLC's investment portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank acquired a new stake in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors boosted its stake in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Finally, Capital International Investors boosted its stake in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after acquiring an additional 12,000,745 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 8.3%

Shares of Amazon.com stock traded down $19.36 during trading hours on Friday, hitting $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The company has a market cap of $2.28 trillion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. The company's 50-day moving average is $218.20 and its two-hundred day moving average is $209.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Mizuho lowered their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Raymond James Financial reaffirmed an "outperform" rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Susquehanna raised their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $262.45.

Amazon.com 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.