Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% in the 4th quarter, Holdings Channel reports. The fund owned 22,431 shares of the e-commerce giant’s stock after acquiring an additional 1,964 shares during the period. Amazon.com accounts for about 1.3% of Oliver Lagore Vanvalin Investment Group’s investment portfolio, making the stock its 14th biggest position. Oliver Lagore Vanvalin Investment Group’s holdings in Amazon.com were worth $3,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. PayPay Securities Corp increased its position in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in Amazon.com in the fourth quarter worth about $43,000. Harbor Investment Advisory LLC increased its holdings in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new stake in Amazon.com in the third quarter valued at about $49,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares in the company, valued at approximately $886,407.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,198,961 shares of company stock worth $4,482,430,577. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMZN. Robert W. Baird lifted their target price on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada boosted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Argus raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One 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. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Price Performance

NASDAQ:AMZN opened at $188.00 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $179.60 and its 200 day moving average price is $161.63. Amazon.com, Inc. has a 52-week low of $105.16 and a 52-week high of $189.94. The firm has a market cap of $1.96 trillion, a P/E ratio of 52.66, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

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.