Amazon.com, Inc. (NASDAQ:AMZN) Stake Increased by Detalus Advisors LLC

Key Points

• Detalus Advisors LLC increased its stake in Amazon.com, Inc. by 18.8%, owning approximately $2.42 million worth of stock as of the end of the first quarter.
• Analysts have raised their price targets for Amazon.com, with Morgan Stanley setting a new target at $300 and several other firms also increasing their targets, indicating a generally positive outlook for the stock.
• Insider selling has been notable, with Jeffrey P. Bezos selling over 2.6 million shares, which reflects a 0.30% decrease in his ownership of the company.

Detalus Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,707 shares of the e-commerce giant's stock after buying an additional 2,013 shares during the quarter. Amazon.com comprises about 0.8% of Detalus Advisors LLC's investment portfolio, making the stock its 28th biggest position. Detalus Advisors LLC's holdings in Amazon.com were worth $2,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $35,000. Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the first quarter worth about $40,000. Finally, Capitol Family Office Inc. purchased a new position in Amazon.com in the first quarter valued at about $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 25,102,037 shares of company stock worth $5,674,871,223 over the last quarter. 9.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMZN. Bank of America upped their target price on Amazon.com from $248.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Mizuho dropped 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. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $255.52.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $0.82 during midday trading on Wednesday, reaching $230.19. The company's stock had a trading volume of 32,258,949 shares, compared to its average volume of 33,970,456. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.44 trillion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. The company has a 50 day moving average price of $217.31 and a 200 day moving average price of $209.12. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.