World Investment Advisors Purchases 12,302 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• World Investment Advisors increased its holdings in Amazon.com, acquiring an additional 12,302 shares, bringing its total to 255,710 shares which are valued at approximately $48.65 million.
• Amazon reported $1.59 EPS for its latest quarter, exceeding analysts' expectations of $1.38, with quarterly revenue rising by 8.6% year-over-year.
• A variety of analysts have adjusted their price targets on Amazon, with estimates ranging from $230.00 to $265.00, indicating a generally positive outlook towards the stock.

World Investment Advisors lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,710 shares of the e-commerce giant's stock after acquiring an additional 12,302 shares during the period. Amazon.com makes up about 1.3% of World Investment Advisors' investment portfolio, making the stock its 8th largest holding. World Investment Advisors' holdings in Amazon.com were worth $48,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Western Wealth Management LLC grew its position in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at about $749,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter valued at about $514,000. Segall Bryant & Hamill LLC grew its position in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $12,014,000. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 25,099,537 shares of company stock worth $5,674,394,548. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $19.36 during midday trading on Friday, hitting $214.75. 122,007,379 shares of the company traded hands, compared to its average volume of 37,811,656. The stock has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.74 and a beta of 1.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm's fifty day moving average price is $217.93 and its 200-day moving average price is $209.23. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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 for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the firm posted $1.26 EPS. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMZN shares. Susquehanna lifted their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research report on Friday. Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Rosenblatt Securities raised their target price on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research note on Friday. Stifel Nicolaus raised their target price on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Cowen restated a "buy" rating on shares of Amazon.com in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, forty-six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $260.85.

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.