Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by CapWealth Advisors LLC

Key Points

• CapWealth Advisors LLC increased its stake in Amazon.com by 5.3% during Q1, now owning 89,165 shares worth approximately $16.97 million.
• Amazon's stock recently dropped 8.3%, trading at $214.75, with a market cap of $2.28 trillion and a P/E ratio of 32.74.
• The company reported a strong quarterly performance, with earnings per share of $1.68 exceeding estimates of $1.31 and a revenue of $167.70 billion, reflecting a growth of 13.3% year-over-year.

CapWealth Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,165 shares of the e-commerce giant's stock after acquiring an additional 4,513 shares during the quarter. Amazon.com makes up about 1.8% of CapWealth Advisors LLC's holdings, making the stock its 24th largest holding. CapWealth Advisors LLC's holdings in Amazon.com were worth $16,965,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Northern Capital Management Inc. raised its holdings in shares of Amazon.com by 0.6% during 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 acquiring an additional 45 shares during the last quarter. Balanced Wealth Group LLC raised its holdings in shares of Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after acquiring an additional 48 shares during the last quarter. ETF Store Inc. raised its holdings in shares of Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after acquiring an additional 48 shares during the last quarter. Chatham Capital Group Inc. raised its holdings in shares of Amazon.com by 0.8% during the fourth quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant's stock valued at $1,321,000 after acquiring an additional 50 shares during the last quarter. Finally, Foundry Financial Group Inc. raised its holdings in shares of Amazon.com by 3.5% during the fourth quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant's stock valued at $331,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Down 8.3%

AMZN opened at $214.75 on Monday. The business's 50-day simple moving average is $218.20 and its 200-day simple moving average is $209.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $2.28 trillion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 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 business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 25,099,537 shares of company stock worth $5,674,394,548 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a report on Friday, June 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday. Cantor Fitzgerald increased their price target on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a report on Friday. Citigroup increased their price target on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday. One investment 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average 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.

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