Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by PYA Waltman Capital LLC

PYA Waltman Capital LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,798 shares of the e-commerce giant’s stock after buying an additional 1,390 shares during the period. Amazon.com comprises 3.8% of PYA Waltman Capital LLC’s portfolio, making the stock its 9th largest holding. PYA Waltman Capital LLC’s holdings in Amazon.com were worth $11,948,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Forum Private Client Group LLC raised its position in shares of Amazon.com by 4.9% in the first quarter. Forum Private Client Group LLC now owns 1,675 shares of the e-commerce giant’s stock valued at $319,000 after buying an additional 79 shares during the last quarter. Fortem Financial Group LLC boosted its holdings in shares of Amazon.com by 15.4% in the 1st quarter. Fortem Financial Group LLC now owns 24,325 shares of the e-commerce giant’s stock valued at $4,628,000 after purchasing an additional 3,249 shares during the last quarter. Beirne Wealth Consulting Services LLC boosted its holdings in shares of Amazon.com by 19.7% in the 1st quarter. Beirne Wealth Consulting Services LLC now owns 10,143 shares of the e-commerce giant’s stock valued at $1,930,000 after purchasing an additional 1,667 shares during the last quarter. IFC Advisors LLC boosted its holdings in shares of Amazon.com by 0.5% in the 1st quarter. IFC Advisors LLC now owns 41,783 shares of the e-commerce giant’s stock valued at $7,950,000 after purchasing an additional 220 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its holdings in shares of Amazon.com by 2.3% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 4,083 shares of the e-commerce giant’s stock valued at $851,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Barclays lifted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Raymond James Financial reissued an “outperform” rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Jefferies Financial Group boosted their price objective on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Finally, Bank of America boosted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $262.45.

Amazon.com Stock Down 0.2%

Shares of NASDAQ:AMZN opened at $222.69 on Friday. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company’s fifty day moving average is $219.65 and its two-hundred day moving average is $208.98. 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 issued 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. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,102,037 shares of company stock worth $5,674,937,048 over the last three months. 9.70% of the stock is owned by corporate insiders.

About Amazon.com

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.