Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by LVZ Inc.

LVZ Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,111 shares of the e-commerce giant’s stock after acquiring an additional 485 shares during the period. LVZ Inc.’s holdings in Amazon.com were worth $1,992,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Kavar Capital Partners Group LLC boosted its holdings in Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. boosted its holdings in Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the last quarter. Markel Corp boosted its holdings in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC boosted its holdings in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMZN shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, March 27th. JPMorgan Chase & Co. lifted their target price on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. JMP Securities lifted their target price on Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Truist Financial raised their price objective on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Bank of America raised their price objective on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $202.80.

Amazon.com Stock Performance

Shares of AMZN stock opened at $181.28 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $177.09 and a two-hundred day moving average of $156.36. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a market cap of $1.89 trillion, a P/E ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. Company insiders own 12.70% of the company’s stock.

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.