Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Capital Investment Advisory Services LLC

Key Points

• Capital Investment Advisory Services LLC increased its stake in Amazon.com, Inc. by 4.4%, acquiring an additional 4,124 shares, bringing its total holdings to 98,695 shares valued at approximately $18.78 million.
• Amazon's stock opened at $230.19, with a market capitalization of $2.44 trillion, while its recent earnings report showed a 8.6% year-over-year revenue growth and an EPS of $1.59.
• Insider trading activity includes Jeffrey P. Bezos selling over 2.6 million shares for approximately $609 million, reflecting a slight decrease in his ownership of the company.

Capital Investment Advisory Services LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,695 shares of the e-commerce giant's stock after purchasing an additional 4,124 shares during the quarter. Amazon.com accounts for approximately 1.7% of Capital Investment Advisory Services LLC's holdings, making the stock its 5th biggest position. Capital Investment Advisory Services LLC's holdings in Amazon.com were worth $18,778,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $27,266,582,000. GAMMA Investing LLC increased its position in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors increased its position in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Finally, Capital International Investors increased its position in shares of Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $19.36 on Friday, reaching $214.75. 122,007,379 shares of the stock were exchanged, compared to its average volume of 37,811,656. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.74 and a beta of 1.31. The business has a 50 day moving average price of $217.93 and a two-hundred day moving average price of $209.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company's revenue was up 13.3% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday. Wells Fargo & Company increased their target price on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Evercore ISI reduced their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $260.85.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 25,099,537 shares of company stock worth $5,674,394,548 in the last three months. 9.70% of the stock is currently owned by company insiders.

About Amazon.com

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.