Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Capital Management Associates Inc

Key Points

• Capital Management Associates Inc increased its stake in Amazon.com, Inc. by 58.8%, acquiring an additional 4,525 shares, bringing their total holdings to 12,216 shares valued at approximately $2.32 million.
• Amazon reported $1.68 EPS for the last quarter, exceeding analysts' expectations, with a revenue of $167.70 billion, marking a 13.3% year-over-year increase.
• Insider Jeffrey P. Bezos sold over 2.64 million shares of Amazon stock for approximately $609 million, reducing his position by 0.30% in the company.

Capital Management Associates Inc lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 58.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,216 shares of the e-commerce giant's stock after acquiring an additional 4,525 shares during the quarter. Amazon.com accounts for about 0.5% of Capital Management Associates Inc's holdings, making the stock its 27th largest position. Capital Management Associates Inc's holdings in Amazon.com were worth $2,324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the 4th quarter worth $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth $40,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. BMO Capital Markets increased their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday. Mizuho decreased their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Telsey Advisory Group boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a report on Friday, June 27th. Finally, Pivotal Research raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday. One 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 company's stock. According to data from MarketBeat, Amazon.com has an average rating of "Buy" and an average target price of $262.45.

Amazon.com Price Performance

Amazon.com stock traded down $19.36 during trading hours on Friday, hitting $214.75. 122,007,379 shares of the company traded hands, compared to its average volume of 43,924,596. The firm has a market cap of $2.28 trillion, a P/E ratio of 32.74, a P/E/G ratio of 1.57 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm's 50-day simple moving average is $218.20 and its two-hundred day simple moving average is $209.11. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Insiders own 10.80% of the company's stock.

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.