Callan Capital LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Callan Capital LLC increased its stake in Amazon.com, Inc. by 10.7% in Q1, acquiring an additional 3,669 shares, bringing its total holdings to 37,803 shares valued at approximately $7.19 million.
• Amazon reported quarterly earnings of $1.68 EPS, surpassing estimates, with revenue of $167.70 billion, reflecting a year-over-year growth of 13.3%.
• Equities analysts have varied outlooks on Amazon stock, with a consensus rating of "Buy" and a price target averaging $260.85, while JPMorgan Chase recently raised its target price to $265.00.

Callan Capital LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,803 shares of the e-commerce giant's stock after acquiring an additional 3,669 shares during the quarter. Callan Capital LLC's holdings in Amazon.com were worth $7,192,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMZN. Western Wealth Management LLC grew its position in shares of Amazon.com by 0.9% during the first 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 in the last quarter. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $749,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $514,000. Segall Bryant & Hamill LLC grew its position in shares of Amazon.com by 14.3% during the fourth 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 in the last quarter. Finally, Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $12,014,000. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Cowen reiterated a "buy" rating on shares of Amazon.com in a research report on Friday. Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Tigress Financial increased their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Evercore ISI dropped their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, DA Davidson increased their price target on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Friday. One research 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 stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $262.45.

Amazon.com Stock Down 8.3%

Shares of AMZN traded down $19.36 during trading hours on Friday, hitting $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The company has a market capitalization of $2.28 trillion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company's fifty day moving average price is $218.20 and its two-hundred day moving average price is $209.11.

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 (EPS) 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 company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the company posted $1.26 EPS. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.