Milestones Administradora de Recursos Ltda. Acquires 25,280 Shares of Amazon.com, Inc. $AMZN

Milestones Administradora de Recursos Ltda. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 263,715 shares of the e-commerce giant’s stock after acquiring an additional 25,280 shares during the period. Amazon.com accounts for approximately 25.6% of Milestones Administradora de Recursos Ltda.’s investment portfolio, making the stock its biggest holding. Milestones Administradora de Recursos Ltda.’s holdings in Amazon.com were worth $50,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Western Wealth Management LLC grew its stake in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $749,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $514,000. Segall Bryant & Hamill LLC grew its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $12,014,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMZN shares. Raymond James Financial reiterated an “outperform” rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Finally, Scotiabank lifted their price target on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $262.87.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated 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 owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $231.03 on Monday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The business has a 50-day moving average of $221.41 and a 200-day moving average of $208.26. 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 PEG ratio of 1.56 and a beta of 1.31.

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 the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.