Amazon.com, Inc. (NASDAQ:AMZN) is Telos Capital Management Inc.’s 8th Largest Position

Telos Capital Management Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 93,443 shares of the e-commerce giant’s stock after selling 1,406 shares during the quarter. Amazon.com makes up approximately 2.0% of Telos Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Telos Capital Management Inc.’s holdings in Amazon.com were worth $18,058,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMZN. Cary Street Partners Investment Advisory LLC grew its position in Amazon.com by 4.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 181,395 shares of the e-commerce giant’s stock valued at $27,561,000 after acquiring an additional 7,347 shares during the last quarter. Edgemoor Investment Advisors Inc. grew its holdings in shares of Amazon.com by 1.8% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 174,454 shares of the e-commerce giant’s stock worth $26,507,000 after purchasing an additional 3,042 shares during the last quarter. Josh Arnold Investment Consultant LLC increased its stake in Amazon.com by 1.2% in the 4th quarter. Josh Arnold Investment Consultant LLC now owns 119,037 shares of the e-commerce giant’s stock worth $18,086,000 after buying an additional 1,430 shares during the period. Integrity Financial Corp WA lifted its holdings in Amazon.com by 3.5% during the 4th quarter. Integrity Financial Corp WA now owns 8,604 shares of the e-commerce giant’s stock valued at $1,307,000 after buying an additional 293 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. grew its stake in Amazon.com by 10.7% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 7,145 shares of the e-commerce giant’s stock worth $1,086,000 after acquiring an additional 693 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wolfe Research initiated coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a report on Thursday, September 12th. Roth Mkm raised their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Thursday, September 19th. Finally, Bank of America reduced their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $222.84.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The disclosure for this sale can be found here. Insiders sold 6,098,297 shares of company stock worth $1,219,443,957 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $187.97 on Monday. The stock has a market cap of $1.96 trillion, a P/E ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a fifty day moving average price of $178.92 and a 200 day moving average price of $182.68. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Equities research analysts anticipate that Amazon.com, Inc. will post 4.86 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.