Capital Advisors Inc. OK raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 727,334 shares of the e-commerce giant's stock after acquiring an additional 36,470 shares during the quarter. Amazon.com makes up approximately 2.8% of Capital Advisors Inc. OK's holdings, making the stock its 4th biggest position. Capital Advisors Inc. OK's holdings in Amazon.com were worth $138,383,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter valued at $40,000. Finally, Capitol Family Office Inc. acquired a new stake in Amazon.com during the 1st quarter valued at $42,000. 72.20% of the stock is owned by institutional investors.
Insider Transactions at Amazon.com
In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Corporate insiders own 9.70% of the company's stock.
Amazon.com Stock Down 8.3%
Shares of AMZN traded down $19.36 during trading hours on Friday, reaching $214.75. The stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a 50-day simple moving average of $218.20 and a 200 day simple moving average of $209.11. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.59 and a beta of 1.31.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 24.90% 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 period last year, the business earned $1.26 EPS. The business's revenue was up 13.3% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday. Scotiabank raised their price target on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. DA Davidson raised their price target on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a report on Friday. Finally, Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. One equities research 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $262.45.
Check Out Our Latest Analysis on AMZN
About Amazon.com
(
Free Report)
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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