Milestones Administradora de Recursos Ltda. Increases Stock Holdings in Amazon.com, Inc. $AMZN

Milestones Administradora de Recursos Ltda. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 263,715 shares of the e-commerce giant’s stock after purchasing 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 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $40,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMZN shares. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley reissued an “overweight” rating and set a $300.00 price objective on shares of Amazon.com in a report on Thursday. JMP Securities reissued a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Cantor Fitzgerald raised their price objective on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $262.87.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $231.03 on Monday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm 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. The business has a 50-day simple moving average of $221.41 and a 200 day simple 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates 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 for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. On average, research analysts anticipate 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.