58,000 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Pelham Capital Ltd.

Pelham Capital Ltd. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 58,000 shares of the e-commerce giant's stock, valued at approximately $11,035,000. Amazon.com accounts for about 5.8% of Pelham Capital Ltd.'s holdings, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter worth about $40,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.2%

NASDAQ:AMZN traded down $0.44 on Friday, reaching $222.69. 32,911,537 shares of the company's stock were exchanged, compared to its average volume of 45,060,172. 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 has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The business has a fifty day moving average of $219.27 and a 200-day moving average of $209.03. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating 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%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. 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 research note on Friday, August 1st. JMP Securities reiterated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, Evercore ISI cut their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Buy" and an average target price of $262.45.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,102,037 shares of company stock worth $5,674,937,048. 9.70% of the stock is owned by corporate insiders.

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.