Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by WT Asset Management Ltd

WT Asset Management Ltd boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,537 shares of the e-commerce giant’s stock after acquiring an additional 86,009 shares during the quarter. Amazon.com accounts for approximately 9.4% of WT Asset Management Ltd’s investment portfolio, making the stock its 3rd biggest holding. WT Asset Management Ltd’s holdings in Amazon.com were worth $80,392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the period. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $40,000. Finally, Capitol Family Office Inc. acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $42,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 0.3%

AMZN stock opened at $231.44 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company’s 50 day moving average price is $215.66 and its two-hundred day moving average price is $208.91. The company has a market capitalization of $2.46 trillion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Amazon.com from $220.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Financial Group boosted their target price on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. DA Davidson decreased their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $254.33.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 25,102,037 shares of company stock valued at $5,674,871,223. 9.70% of the stock is owned by corporate insiders.

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.