SKY Mountain Capital Management Inc. purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,578 shares of the e-commerce giant's stock, valued at approximately $1,061,000. Amazon.com comprises approximately 0.9% of SKY Mountain Capital Management Inc.'s investment portfolio, making the stock its 12th biggest position.
Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. FMR LLC boosted its stake in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter worth about $27,266,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Amazon.com
In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction 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 approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. Corporate insiders own 9.70% of the company's stock.
Wall Street Analyst Weigh In
AMZN has been the subject of several research analyst reports. Tigress Financial upped their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Moffett Nathanson upped their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. 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 research report on Friday, June 27th. Citigroup restated an "overweight" rating on shares of Amazon.com in a research report on Wednesday. Finally, Robert W. Baird upped their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $262.45.
View Our Latest Stock Report on AMZN
Amazon.com Price Performance
Amazon.com stock opened at $224.66 on Thursday. The stock has a market cap of $2.40 trillion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company has a fifty day simple moving average of $220.60 and a 200-day simple moving average of $208.72. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during 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%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
About Amazon.com
(
Free Report)
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.
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