Amazon.com, Inc. (NASDAQ:AMZN) is Nelson Capital Management LLC’s 10th Largest Position

Nelson Capital Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,070 shares of the e-commerce giant’s stock after purchasing an additional 4,153 shares during the quarter. Amazon.com comprises about 2.3% of Nelson Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Nelson Capital Management LLC’s holdings in Amazon.com were worth $8,167,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMZN. USAdvisors Wealth Management LLC raised its holdings in Amazon.com by 12.5% during the 4th quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock valued at $272,000 after buying an additional 359 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at $426,000. Veritas Asset Management LLP lifted its holdings in shares of Amazon.com by 19.6% in the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after acquiring an additional 1,286,797 shares during the last quarter. Mayfair Advisory Group LLC boosted its stake in shares of Amazon.com by 12.0% during the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock worth $468,000 after purchasing an additional 488 shares during the period. Finally, Little House Capital LLC grew its holdings in Amazon.com by 6.3% during the 1st quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock valued at $3,919,000 after purchasing an additional 2,251 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $138.12 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $143.63. The firm has a 50 day moving average of $132.90 and a two-hundred day moving average of $116.05. The firm has a market capitalization of $1.43 trillion, a PE ratio of 108.76, a P/E/G ratio of 1.76 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. On average, analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the sale, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the sale, the chief executive officer now owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The disclosure for this sale can be found here. Insiders sold a total of 1,362,329 shares of company stock valued at $48,508,072 in the last quarter. 12.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Mizuho boosted their target price on Amazon.com from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 4th. UBS Group boosted their price objective on Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 4th. Morgan Stanley increased their target price on Amazon.com from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. JMP Securities boosted their target price on shares of Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity Group raised their price target on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.87.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.