Stratos Investment Management LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Stratos Investment Management LLC increased its Amazon.com holdings by 16.7%, acquiring an additional 14,416 shares, bringing its total to 100,933 shares valued at approximately $19.2 million.
• Amazon.com reported a quarterly revenue of $167.70 billion and EPS of $1.68, significantly exceeding analysts' estimates.
• Insider Jeffrey P. Bezos sold 2.64 million shares for over $609 million, reducing his stake in the company by 0.30% while still retaining ownership of approximately 883.8 million shares.

Stratos Investment Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,933 shares of the e-commerce giant's stock after buying an additional 14,416 shares during the quarter. Stratos Investment Management LLC's holdings in Amazon.com were worth $19,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Capital Management Inc. grew its stake in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the period. Balanced Wealth Group LLC grew its stake in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the period. ETF Store Inc. boosted its holdings in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after acquiring an additional 48 shares in the last quarter. Chatham Capital Group Inc. boosted its holdings in Amazon.com by 0.8% in the fourth quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant's stock worth $1,321,000 after acquiring an additional 50 shares in the last quarter. Finally, Foundry Financial Group Inc. boosted its holdings in Amazon.com by 3.5% in the fourth quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant's stock worth $331,000 after acquiring an additional 51 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 1.5%

AMZN stock traded up $3.07 on Tuesday, hitting $214.72. 12,112,218 shares of the company's stock were exchanged, compared to its average volume of 44,828,645. Amazon.com, Inc. has a 12-month low of $158.54 and a 12-month high of $242.52. The firm has a 50 day moving average price of $218.42 and a two-hundred day moving average price of $208.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market cap of $2.28 trillion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 1.57 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 for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMZN. Raymond James Financial reissued an "outperform" rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Mizuho dropped their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Scotiabank upped their price target on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Robert W. Baird upped their price target on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $262.45.

Amazon.com 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.