3,850 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Visionary Horizons LLC

Visionary Horizons LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, Holdings Channel reports. The fund purchased 3,850 shares of the e-commerce giant’s stock, valued at approximately $585,000.

A number of other large investors also recently bought and sold shares of AMZN. Bridgefront Capital LLC acquired a new position in shares of Amazon.com during the first quarter valued at approximately $228,000. Krane Funds Advisors LLC raised its holdings in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new position in shares of Amazon.com during the first quarter valued at approximately $258,000. My Personal CFO LLC acquired a new position in shares of Amazon.com during the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of Amazon.com during the first quarter valued at approximately $191,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.1 %

Amazon.com stock opened at $179.22 on Friday. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market cap of $1.86 trillion, a PE ratio of 61.80, a P/E/G ratio of 1.60 and a beta of 1.16. The stock’s fifty day moving average is $177.28 and its two-hundred day moving average is $156.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated 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 directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. 12.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets assumed coverage on Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 target price for the company. Mizuho increased their target price on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JMP Securities upped their price target on Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $200.00 price target on shares of Amazon.com in a research report on Wednesday, March 27th. Finally, DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $202.80.

Amazon.com Profile

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.