1,569 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Harvey Investment Co. LLC

Harvey Investment Co. LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,569 shares of the e-commerce giant’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. FMR LLC lifted its holdings in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Northern Trust Corp boosted its position in Amazon.com by 3.7% during the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Amazon.com by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock worth $6,406,216,000 after acquiring an additional 1,374,052 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,889,146 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.5 %

Shares of Amazon.com stock opened at $177.23 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $1.84 trillion, a P/E ratio of 61.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17. The firm has a 50-day simple moving average of $177.38 and a two-hundred day simple moving average of $157.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping 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 analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the firm posted $0.21 EPS. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. BMO Capital Markets started coverage on Amazon.com in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. JMP Securities increased their target price on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Amazon.com in a report on Wednesday, April 10th. Finally, Piper Sandler increased their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $202.80.

Amazon.com Company 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.