OV Management LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

OV Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,053 shares of the e-commerce giant’s stock after acquiring an additional 3,053 shares during the quarter. Amazon.com comprises 4.1% of OV Management LLC’s investment portfolio, making the stock its 5th largest position. OV Management LLC’s holdings in Amazon.com were worth $5,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Transcendent Capital Group LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $2,388,000. Creekmur Asset Management LLC purchased a new stake in Amazon.com in the fourth quarter worth approximately $3,439,000. Northwest Bank & Trust Co bought a new position in Amazon.com during the fourth quarter valued at approximately $3,260,000. Fortis Group Advisors LLC grew its position in Amazon.com by 10.7% during the fourth quarter. Fortis Group Advisors LLC now owns 7,775 shares of the e-commerce giant’s stock valued at $1,181,000 after acquiring an additional 750 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $1,257,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $187.54 on Tuesday. The business has a fifty day moving average price of $180.11 and a 200-day moving average price of $183.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market capitalization of $1.95 trillion, a PE ratio of 52.53, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, equities analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Rosenblatt Securities raised their price objective on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wolfe Research began coverage on Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Amazon.com in a report on Thursday, September 12th. Finally, Maxim Group lifted their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Check Out Our Latest Report on AMZN

About Amazon.com

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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