Telos Capital Management Inc. Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Telos Capital Management Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,509 shares of the e-commerce giant’s stock after buying an additional 157 shares during the quarter. Amazon.com comprises about 1.5% of Telos Capital Management Inc.’s investment portfolio, making the stock its 16th biggest position. Telos Capital Management Inc.’s holdings in Amazon.com were worth $11,441,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $14,053,756,000. Castleview Partners LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $1,143,000. Fairfield Bush & CO. raised its holdings in Amazon.com by 28,715.3% in the fourth quarter. Fairfield Bush & CO. now owns 1,336,741 shares of the e-commerce giant’s stock worth $11,353,000 after purchasing an additional 1,332,102 shares during the period. SG Americas Securities LLC raised its holdings in Amazon.com by 124.5% in the first quarter. SG Americas Securities LLC now owns 220,530 shares of the e-commerce giant’s stock worth $718,917,000 after purchasing an additional 1,120,660 shares during the period. Finally, State Street Corp increased its position in shares of Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after acquiring an additional 698,970 shares in the last quarter. Institutional investors and hedge funds own 72.51% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $139.52 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The firm has a 50-day moving average of $115.95 and a 200-day moving average of $134.74. The firm has a market cap of $1.42 trillion, a P/E ratio of 125.08, a P/E/G ratio of 5.64 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. During the same period last year, the business earned $0.76 EPS. Amazon.com’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 1.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JMP Securities raised their target price on shares of Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. Oppenheimer dropped their target price on shares of Amazon.com from $175.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, July 25th. TheStreet downgraded shares of Amazon.com from a “b” rating to a “c+” rating in a report on Thursday, April 28th. Redburn Partners initiated coverage on shares of Amazon.com in a research note on Wednesday, June 29th. They issued a “buy” rating and a $270.00 target price for the company. Finally, StockNews.com raised Amazon.com from a “sell” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $179.45.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the transaction, the chief executive officer now directly owns 92,781 shares in the company, valued at approximately $209,870,622. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the sale, the chief executive officer now owns 92,781 shares of the company’s stock, valued at $209,870,622. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 761 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $1,650,776.42. Following the completion of the transaction, the chief financial officer now directly owns 2,375 shares of the company’s stock, valued at approximately $5,151,897.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,803 shares of company stock worth $10,528,337 in the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Profile

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Featured Articles

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Want More Great Investing Ideas?

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.