Vickerman Investment Advisors Inc. Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Vickerman Investment Advisors Inc. significantly increased its stake in Amazon.com, Inc. by 558.3% in the first quarter, now holding 7,379 shares worth approximately $1.4 million.
• Several major institutional investors, including Vanguard Group Inc. and FMR LLC, also boosted their holdings in Amazon during the fourth quarter, highlighting widespread confidence in the company.
• Amazon reported $1.68 EPS in its last quarterly earnings, exceeding analyst expectations, and had a revenue of $167.7 billion, marking a 13.3% increase year-over-year.

Vickerman Investment Advisors Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 558.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,379 shares of the e-commerce giant's stock after purchasing an additional 6,258 shares during the period. Vickerman Investment Advisors Inc.'s holdings in Amazon.com were worth $1,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,266,582,000. GAMMA Investing LLC lifted its holdings in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after buying an additional 30,104,520 shares in the last quarter. Capital World Investors lifted its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after buying an additional 12,000,745 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on AMZN shares. Cantor Fitzgerald increased their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday. Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Mizuho reduced 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. Citigroup increased their target price on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday. One investment 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. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $262.45.

Amazon.com Price Performance

Shares of AMZN stock traded down $19.36 on Friday, reaching $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.28 trillion, a P/E ratio of 32.74, a PEG ratio of 1.59 and a beta of 1.31. The stock's 50 day simple moving average is $218.20 and its 200-day simple moving average is $209.11.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the business posted $1.26 earnings per share. The firm's revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548 in the last ninety days. 9.70% of the stock is currently owned by insiders.

About Amazon.com

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.