Vision Capital Management Inc. Has $19.48 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Vision Capital Management Inc. increased its stake in Amazon.com, Inc. by 5.0% to own 102,383 shares, valued at approximately $19.48 million, making it the firm's 10th largest holding.
• Amazon reported better-than-expected earnings for the last quarter, with EPS of $1.68 surpassing analysts' estimates of $1.31 and revenue of $167.70 billion, up 13.3% year-over-year.
• Insider Jeffrey P. Bezos sold over 4 million shares at an average price of $224.81, indicating a 0.47% decrease in his position, while 72.20% of Amazon's stock is owned by institutional investors.

Vision Capital Management Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,383 shares of the e-commerce giant's stock after acquiring an additional 4,887 shares during the quarter. Amazon.com accounts for 2.8% of Vision Capital Management Inc.'s portfolio, making the stock its 10th largest holding. Vision Capital Management Inc.'s holdings in Amazon.com were worth $19,479,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $40,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $213.75 on Wednesday. Amazon.com, Inc. has a 1 year low of $158.54 and a 1 year high of $242.52. The firm has a 50 day moving average of $218.57 and a 200-day moving average of $208.96. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.28 trillion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on 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 transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Evercore ISI reduced their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. Finally, Wedbush increased their price objective on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $262.45.

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.

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