Amazon.com, Inc. (NASDAQ: AMZN) is the 3rd largest position of Thoroughbred Financial Services LLC


Thoroughbred Financial Services LLC increased its holdings of Amazon.com, Inc. (NASDAQ: AMZN – Get Rating) stock by 55.9% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission . The fund held 6,465 shares of the e-commerce giant after buying 2,319 additional shares during the quarter. Amazon.com represents about 3.4% of Thoroughbred Financial Services LLC’s investment portfolio, making the stock its third-largest holding. Thoroughbred Financial Services LLC’s holdings on Amazon.com were worth $21,075,000 when it was last filed with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently changed their positions in AMZN. State Street Corp increased its stake in Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant worth $56,755,855,000 after buying an additional 698,970 shares in the last quarter. Geode Capital Management LLC increased its position in Amazon.com by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant worth $23,917,115,000 after purchasing an additional 195,716 shares during the period. Capital Research Global Investors increased its position in Amazon.com by 14.1% in the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant worth $15,253,179,000 after purchasing an additional 564,699 shares during the period. Norges Bank acquired a new stake in Amazon.com in the fourth quarter worth $14,053,756,000. Finally, Castleview Partners LLC acquired a new stake in Amazon.com in the fourth quarter worth $1,143,000. 72.51% of the shares are currently held by hedge funds and other institutional investors.

Amazon.com inventory up 2.1%

AMZN opened at $143.55 on Friday. Amazon.com, Inc. has a fifty-two week low of $101.26 and a fifty-two week high of $188.11. The company has a 50-day moving average of $118.65 and a 200-day moving average of $134.24. The company has a debt ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The company has a market capitalization of $1.46 trillion, a PE ratio of 128.69, a price-to-earnings growth ratio of 6.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly results on Thursday, July 28. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analyst consensus estimates of $0.15 per ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company posted revenue of $121.23 billion for the quarter, versus $119.16 billion expected by analysts. During the same period last year, the company made earnings per share of $0.76. The company’s revenue for the quarter increased 7.2% year over year. Equity research analysts expect Amazon.com, Inc. to post EPS of 0.97 for the current fiscal year.

Insider trading on Amazon.com

Separately, Vice President Shelley Reynolds sold 173 shares of the company in a transaction dated Monday, May 23. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now directly owns 5,989 shares of the company, valued at approximately $12,991,458.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. In related news, CEO David H. Clark sold 2,270 shares of the company in a trade that took place on Monday, May 23. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. As a result of the transaction, the CEO now directly owns 6,695 shares of the company, valued at approximately $14,522,927.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Vice President Shelley Reynolds sold 173 shares of the company in a trade that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $375,275.06. Following completion of the transaction, the Vice President now directly owns 5,989 shares of the company, valued at $12,991,458.58. The disclosure of this sale can be found here. Insiders have sold 4,803 shares of the company valued at $10,528,337 over the past three months. Company insiders own 12.70% of the company’s shares.

A Wall Street analyst gives his opinion

Several brokerages have weighed in on AMZN. UBS Group raised its target price on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a Friday, July 29 research report. Telsey Advisory Group raised its price target on Amazon.com from $145.00 to $150.00 and gave the company an “outperform” rating in a Friday, July 29 report. JPMorgan Chase & Co. lowered its Amazon.com price target from $200.00 to $175.00 and set an “overweight” rating on the stock in a Wednesday, June 29 report. JMP Securities raised its price target on Amazon.com from $172.50 to $180.00 and gave the company a “market outperforming” rating in a Friday, July 29 report. Finally, Wolfe Research raised its price target on Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a Friday, July 29 report. Two investment analysts gave the stock a sell rating, two gave the company a hold rating and thirty-seven gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.99.

About Amazon.com

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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.

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Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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Stephen V. Lee