Edgemoor Investment Advisors Inc. Has $34.63 Million Position in Amazon.com, Inc. $AMZN

Edgemoor Investment Advisors Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,005 shares of the e-commerce giant’s stock after acquiring an additional 1,142 shares during the period. Amazon.com makes up approximately 3.2% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 7th largest position. Edgemoor Investment Advisors Inc.’s holdings in Amazon.com were worth $34,628,000 at the end of the most recent quarter.

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

Amazon.com Price Performance

NASDAQ AMZN opened at $231.49 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm’s 50 day moving average price is $221.70 and its 200-day moving average price is $208.21. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a market cap of $2.47 trillion, a PE ratio of 35.29, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 last year, the firm earned $1.26 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’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 sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 25,096,253 shares of company stock worth $5,673,745,409 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMZN shares. Bank of America boosted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Susquehanna boosted their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Canaccord Genuity Group reissued a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Truist Financial boosted their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. One investment 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 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.