Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Stratos Wealth Advisors LLC

Key Points

• Stratos Wealth Advisors LLC has increased its holdings in Amazon.com, Inc. by 0.9%, now owning 134,067 shares which represent approximately 1.4% of its investment portfolio.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon stock worth nearly $960.67 million, reducing his stake by 0.47%.
• Amazon reported a quarterly EPS of $1.68, exceeding expectations, with revenue for the quarter totaling $167.70 billion, reflecting a 13.3% increase year-over-year.

Stratos Wealth Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 134,067 shares of the e-commerce giant's stock after buying an additional 1,215 shares during the quarter. Amazon.com accounts for about 1.4% of Stratos Wealth Advisors LLC's portfolio, making the stock its 8th largest holding. Stratos Wealth Advisors LLC's holdings in Amazon.com were worth $25,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC raised its holdings in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its holdings in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new position in Amazon.com in the 4th quarter worth about $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com 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 owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 25,099,537 shares of company stock valued at $5,674,394,548. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMZN. 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. BMO Capital Markets increased their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday. Wedbush increased their target price on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $262.45.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $3.07 during midday trading on Tuesday, reaching $214.72. 12,112,218 shares of the company were exchanged, compared to its average volume of 44,828,645. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1 year low of $158.54 and a 1 year high of $242.52. The stock has a fifty day simple moving average of $218.42 and a 200 day simple moving average of $208.93. The stock has a market cap of $2.28 trillion, a P/E ratio of 32.85, a PEG ratio of 1.57 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the company posted $1.26 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.