Integrated Capital Management LLC Raises Position in Amazon.com, Inc. $AMZN

Integrated Capital Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,200 shares of the e-commerce giant’s stock after acquiring an additional 84 shares during the period. Amazon.com comprises 0.6% of Integrated Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Integrated Capital Management LLC’s holdings in Amazon.com were worth $1,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its holdings in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in Amazon.com during the fourth quarter worth about $2,153,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.0%

NASDAQ AMZN opened at $231.03 on Monday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company’s fifty day moving average price is $221.41 and its two-hundred day moving average price is $208.26.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the firm posted $1.26 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMZN shares. Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Cowen restated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. JMP Securities restated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Benchmark restated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $262.87.

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.