Amazon.com, Inc. $AMZN is Los Angeles Capital Management LLC’s 4th Largest Position

Los Angeles Capital Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,345,995 shares of the e-commerce giant’s stock after buying an additional 273,754 shares during the period. Amazon.com comprises about 3.7% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Los Angeles Capital Management LLC’s holdings in Amazon.com were worth $826,869,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bingham Private Wealth LLC boosted its position in Amazon.com by 4.3% during the 1st quarter. Bingham Private Wealth LLC now owns 13,386 shares of the e-commerce giant’s stock valued at $2,547,000 after buying an additional 557 shares during the period. Sargent Investment Group LLC boosted its position in Amazon.com by 3.5% during the 1st quarter. Sargent Investment Group LLC now owns 64,015 shares of the e-commerce giant’s stock valued at $12,179,000 after buying an additional 2,164 shares during the period. Midwest Capital Advisors LLC boosted its position in Amazon.com by 24.2% during the 1st quarter. Midwest Capital Advisors LLC now owns 514 shares of the e-commerce giant’s stock valued at $98,000 after buying an additional 100 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in Amazon.com by 5.9% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 5,993 shares of the e-commerce giant’s stock valued at $1,140,000 after buying an additional 332 shares during the period. Finally, Lindbrook Capital LLC boosted its position in Amazon.com by 2.9% during the 1st quarter. Lindbrook Capital LLC now owns 83,678 shares of the e-commerce giant’s stock valued at $15,921,000 after buying an additional 2,340 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $231.49 on Tuesday. The firm has a market cap of $2.47 trillion, a P/E ratio of 35.29, a PEG ratio of 1.56 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 has a 50 day simple moving average of $221.70 and a two-hundred day simple moving average of $208.21. 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 posted 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. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Robert W. Baird increased their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. JMP Securities restated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. BMO Capital Markets upped their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Pivotal Research upped their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, HSBC upped their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. One equities research 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. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price 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.