Telos Capital Management Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Telos Capital Management Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,854 shares of the e-commerce giant’s stock after purchasing an additional 784 shares during the quarter. Amazon.com makes up approximately 1.8% of Telos Capital Management Inc.’s holdings, making the stock its 11th biggest position. Telos Capital Management Inc.’s holdings in Amazon.com were worth $14,412,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Amazon.com by 0.8% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,210,725 shares of the e-commerce giant’s stock worth $183,958,000 after purchasing an additional 9,082 shares during the period. DecisionPoint Financial LLC increased its position in Amazon.com by 221.9% in the fourth quarter. DecisionPoint Financial LLC now owns 3,219 shares of the e-commerce giant’s stock worth $489,000 after buying an additional 2,219 shares in the last quarter. Beam Wealth Advisors Inc. raised its stake in shares of Amazon.com by 3.8% in the fourth quarter. Beam Wealth Advisors Inc. now owns 4,504 shares of the e-commerce giant’s stock worth $684,000 after buying an additional 164 shares during the period. KLCM Advisors Inc. lifted its position in shares of Amazon.com by 34.9% during the 4th quarter. KLCM Advisors Inc. now owns 11,988 shares of the e-commerce giant’s stock valued at $1,821,000 after buying an additional 3,101 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $1,074,000. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,197,961 shares of company stock valued at $4,482,244,357. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. TD Cowen lifted their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. The Goldman Sachs Group upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Wolfe Research raised their price target on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Evercore ISI upped their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Oppenheimer lifted their target price on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $188.76 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $179.60 and its two-hundred day moving average is $161.63. Amazon.com, Inc. has a 52 week low of $104.70 and a 52 week high of $189.94. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

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.