Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Draper Asset Management LLC

Key Points

• Draper Asset Management LLC increased its stake in Amazon.com, Inc. by 9.6%, owning about 122,858 shares valued at $23.4 million, making Amazon its second largest holding.
• Insiders, including Jeff Bezos, sold substantial amounts of stock recently, with Bezos selling over 2.6 million shares for over $609 million, indicating a 0.30% decrease in his ownership.
• After reporting earnings of $1.68 per share for the latest quarter, Amazon exceeded analysts' estimates and saw revenue rise by 13.3% year-over-year, contributing to strong market interest.

Draper Asset Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,858 shares of the e-commerce giant's stock after acquiring an additional 10,796 shares during the quarter. Amazon.com accounts for about 18.2% of Draper Asset Management LLC's holdings, making the stock its 2nd biggest holding. Draper Asset Management LLC's holdings in Amazon.com were worth $23,375,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Western Wealth Management LLC increased its stake in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth $749,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Amazon.com in the first quarter valued at $514,000. Segall Bryant & Hamill LLC boosted its stake in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC purchased a new position in shares of Amazon.com during the fourth quarter worth about $12,014,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on 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 in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% 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 the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048. Insiders own 9.70% of the company's stock.

Amazon.com Trading Down 0.2%

Shares of AMZN stock traded down $0.44 during trading hours on Friday, hitting $222.69. 32,911,537 shares of the company were exchanged, compared to its average volume of 47,624,592. The firm has a fifty day moving average of $219.65 and a 200 day moving average of $208.98. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market cap of $2.37 trillion, a PE ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Oppenheimer reduced their target price on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Monday, July 28th. Royal Bank Of Canada increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Evercore ISI lowered their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Jefferies Financial Group lifted their target price on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price 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.