Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by WT Asset Management Ltd

Key Points

• WT Asset Management Ltd increased its stake in Amazon.com by 25.6%, owning 422,537 shares valued at approximately $80 million, making Amazon its third largest holding.
• Amazon reported earnings per share (EPS) of $1.59 for the last quarter, exceeding analysts' expectations, alongside a revenue of $155.67 billion, an 8.6% increase year-over-year.
• Insider Jeffrey P. Bezos sold 2.6 million shares for over $609 million, representing a 0.30% decrease in his Amazon holdings, amidst a broader trend of insiders selling significant amounts of stock.

WT Asset Management Ltd raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 422,537 shares of the e-commerce giant's stock after buying an additional 86,009 shares during the period. Amazon.com comprises 9.4% of WT Asset Management Ltd's holdings, making the stock its 3rd biggest holding. WT Asset Management Ltd's holdings in Amazon.com were worth $80,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in AMZN. Western Wealth Management LLC lifted its position in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares during the period. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $749,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth approximately $514,000. Segall Bryant & Hamill LLC lifted its position in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $12,014,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 25,102,037 shares of company stock worth $5,674,871,223 over the last quarter. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday. Tigress Financial upped their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Oppenheimer upped their price target on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. BMO Capital Markets boosted their price objective on shares of Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Amazon.com in a research note on Monday. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $255.21.

Amazon.com Stock Performance

NASDAQ AMZN traded down $1.89 during mid-day trading on Tuesday, reaching $230.90. 8,528,015 shares of the stock were exchanged, compared to its average volume of 43,771,383. The business's 50 day moving average is $216.19 and its 200-day moving average is $208.82. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.45 trillion, a P/E ratio of 37.61, a P/E/G ratio of 1.72 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.