Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Core Alternative Capital

Key Points

• Core Alternative Capital increased its stake in Amazon.com, Inc. by 505.5% in the first quarter, owning 18,091 shares worth approximately $3.44 million after acquiring an additional 15,103 shares.
• Amazon reported its quarterly earnings with $1.68 EPS, surpassing analysts' expectations of $1.31, and achieved a revenue of $167.70 billion, a 13.3% increase year-over-year.
• Research analysts generally hold a positive outlook on the stock, with an average rating of "Moderate Buy" and a target price of around $255.52.

Core Alternative Capital increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 505.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,091 shares of the e-commerce giant's stock after purchasing an additional 15,103 shares during the period. Core Alternative Capital's holdings in Amazon.com were worth $3,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at about $35,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at about $40,000. Finally, Perritt Capital Management Inc lifted its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 8.3%

Shares of NASDAQ AMZN traded down $19.36 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. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business has a 50 day moving average of $218.20 and a two-hundred day moving average of $209.11. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.28 trillion, a P/E ratio of 32.74, a PEG ratio of 1.59 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 (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 business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 25,099,537 shares of company stock worth $5,674,394,548 over the last quarter. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMZN. Wedbush upped their target price on shares of Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday. Telsey Advisory Group lifted their target price on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday. Tigress Financial boosted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Susquehanna boosted their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research note on Friday. Finally, Piper Sandler increased their price target on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $262.45.

Amazon.com Company 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.