Amazon.com, Inc. (NASDAQ:AMZN) is Telos Capital Management Inc.’s 9th Largest Position

Telos Capital Management Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,440 shares of the e-commerce giant’s stock after selling 784 shares during the period. Amazon.com comprises 1.9% of Telos Capital Management Inc.’s investment portfolio, making the stock its 9th biggest position. Telos Capital Management Inc.’s holdings in Amazon.com were worth $17,397,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new position in Amazon.com during the 1st quarter worth about $6,036,000. Alps Advisors Inc. lifted its stake in Amazon.com by 0.3% during the 1st quarter. Alps Advisors Inc. now owns 66,601 shares of the e-commerce giant’s stock worth $12,672,000 after acquiring an additional 182 shares in the last quarter. Capital Insight Partners LLC lifted its stake in Amazon.com by 1.1% during the 1st quarter. Capital Insight Partners LLC now owns 31,602 shares of the e-commerce giant’s stock worth $6,013,000 after acquiring an additional 338 shares in the last quarter. Stonebrook Private Inc. raised its position in Amazon.com by 5.3% in the 1st quarter. Stonebrook Private Inc. now owns 41,723 shares of the e-commerce giant’s stock valued at $7,938,000 after purchasing an additional 2,097 shares in the last quarter. Finally, Adapt Wealth Advisors LLC raised its position in Amazon.com by 1.3% in the 1st quarter. Adapt Wealth Advisors LLC now owns 5,897 shares of the e-commerce giant’s stock valued at $1,122,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 25,102,037 shares of company stock valued at $5,674,937,048 over the last ninety days. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Telsey Advisory Group increased their price target on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Bank of America increased their price target on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Wells Fargo & Company increased their price target on Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $262.45.

Amazon.com Stock Performance

Shares of AMZN stock 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 stock has a market cap of $2.28 trillion, a PE ratio of 32.58, a P/E/G ratio of 1.45 and a beta of 1.31. The stock has a fifty day moving average price of $218.57 and a 200 day moving average price of $208.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.