Callahan Advisors LLC Acquires 5,639 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Callahan Advisors LLC increased its stake in Amazon.com by 2.7%, acquiring an additional 5,639 shares, bringing its total holdings to 216,442 shares worth approximately $41 million.
• Amazon.com reported earnings of $1.68 per share for the last quarter, exceeding analysts' expectations, with revenues of $167.70 billion, marking a 13.3% year-over-year increase.
• Insider sales included Jeffrey P. Bezos selling over 4 million shares valued at nearly $960 million, reflecting a 0.47% decrease in his ownership stake.

Callahan Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,442 shares of the e-commerce giant's stock after buying an additional 5,639 shares during the quarter. Amazon.com comprises 3.9% of Callahan Advisors LLC's holdings, making the stock its 4th biggest position. Callahan Advisors LLC's holdings in Amazon.com were worth $41,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AMZN. Western Wealth Management LLC raised its holdings in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after buying an additional 1,297 shares during the period. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $749,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter valued at approximately $514,000. Segall Bryant & Hamill LLC boosted its stake in 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 acquired a new position in Amazon.com in the 4th quarter worth approximately $12,014,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ AMZN traded down $0.44 on Friday, hitting $222.69. 32,911,537 shares of the company were exchanged, compared to its average volume of 47,624,592. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm has a 50 day moving average of $219.65 and a two-hundred day moving average of $208.98. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.37 trillion, a P/E ratio of 33.95, a P/E/G ratio of 1.50 and a beta of 1.31.

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

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Evercore ISI reduced their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Tigress Financial lifted their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Cantor Fitzgerald upped their target price on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One 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. According to MarketBeat, Amazon.com currently 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.