PYA Waltman Capital LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• PYA Waltman Capital LLC increased its holding in Amazon.com, Inc. by 2.3% in Q1, now owning 62,798 shares valued at approximately $11.95 million.
• A number of institutional investors have also boosted their stakes in Amazon, with 72.20% of the company's stock now owned by such investors.
• Amazon reported Q2 earnings of $1.68 per share, exceeding estimates, with revenues of $167.70 billion, up 13.3% from the previous year.

PYA Waltman Capital LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,798 shares of the e-commerce giant's stock after purchasing an additional 1,390 shares during the quarter. Amazon.com accounts for about 3.8% of PYA Waltman Capital LLC's portfolio, making the stock its 9th largest position. PYA Waltman Capital LLC's holdings in Amazon.com were worth $11,948,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $40,000. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's 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 completion of the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. 9.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of AMZN traded down $0.44 during trading hours on Friday, reaching $222.69. 32,911,537 shares of the stock traded hands, compared to its average volume of 47,624,592. 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 52-week low of $161.38 and a 52-week high of $242.52. The company's 50-day moving average price is $219.65 and its two-hundred day moving average price is $208.80. The company has a market cap of $2.37 trillion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer decreased their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Royal Bank Of Canada upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. HSBC upped their target price on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Finally, Morgan Stanley reissued an "overweight" rating on shares of Amazon.com in a research report on Monday, July 28th. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Buy" and a consensus price target of $262.45.

Amazon.com Company 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.