Amazon.com, Inc. (NASDAQ:AMZN) is U.S. Capital Wealth Advisors LLC's 9th Largest Position

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Amazon.com by 3.5%, acquiring an additional 6,569 shares, which brought their total holdings to 192,962 shares valued at approximately $36.7 million.
• Insider transaction revealed that Amazon CEO Jeffrey P. Bezos sold over 2.6 million shares for over $609 million, decreasing his ownership by 0.30%.
• Analysts have raised Amazon's price targets, with Barclays setting a new target at $275, reflecting a positive outlook with 47 buy ratings from research analysts.

U.S. Capital Wealth Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 192,962 shares of the e-commerce giant's stock after purchasing an additional 6,569 shares during the period. Amazon.com makes up approximately 1.1% of U.S. Capital Wealth Advisors LLC's portfolio, making the stock its 9th biggest holding. U.S. Capital Wealth Advisors LLC's holdings in Amazon.com were worth $36,713,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northern Capital Management Inc. increased its holdings in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the period. Balanced Wealth Group LLC grew its stake in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after buying an additional 48 shares in the last quarter. ETF Store Inc. boosted its position in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the period. Chatham Capital Group Inc. boosted its position in Amazon.com by 0.8% during the fourth quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant's stock worth $1,321,000 after purchasing an additional 50 shares during the period. Finally, Foundry Financial Group Inc. boosted its position in Amazon.com by 3.5% during the fourth quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant's stock worth $331,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 8.3%

Shares of Amazon.com stock traded down $19.36 on Friday, hitting $214.75. 122,007,379 shares of the company traded hands, compared to its average volume of 37,811,656. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.28 trillion, a PE ratio of 32.74, a PEG ratio of 1.59 and a beta of 1.31. The stock's 50 day moving average price is $218.20 and its 200-day moving average price is $209.11. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 24.90% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the prior year, the business earned $1.26 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets upped their price target on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday. Tigress Financial upped their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Rosenblatt Securities increased their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research note on Friday. Pivotal Research increased their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Mizuho dropped their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $262.45.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 25,099,537 shares of company stock worth $5,674,394,548. 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.