8,158 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Haven Capital Group Inc.

Haven Capital Group Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,158 shares of the e-commerce giant’s stock, valued at approximately $1,790,000. Amazon.com accounts for 1.7% of Haven Capital Group Inc.’s holdings, making the stock its 18th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Birnam Oak Advisors LP bought a new stake in shares of Amazon.com during the 4th quarter worth $2,742,000. Independent Family Office LLC bought a new position in Amazon.com during the 4th quarter worth approximately $205,000. Cadence Wealth Management LLC raised its holdings in Amazon.com by 7.4% during the 4th quarter. Cadence Wealth Management LLC now owns 1,285 shares of the e-commerce giant’s stock valued at $282,000 after buying an additional 88 shares during the last quarter. BlackDiamond Wealth Management LLC raised its position in Amazon.com by 0.6% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 13,539 shares of the e-commerce giant’s stock valued at $2,970,000 after purchasing an additional 76 shares during the last quarter. Finally, Primecap Management Co. CA lifted its holdings in Amazon.com by 24.7% in the fourth quarter. Primecap Management Co. CA now owns 5,494,750 shares of the e-commerce giant’s stock worth $1,205,493,000 after buying an additional 1,089,100 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. Rosenblatt Securities increased their target price on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. JMP Securities dropped their price objective on shares of Amazon.com from $285.00 to $240.00 and set a “market outperform” rating on the stock in a report on Monday, April 14th. Morgan Stanley cut their price target on Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $252.73.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $172.51 on Friday. The company has a market capitalization of $1.83 trillion, a P/E ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business’s 50 day moving average is $198.44 and its two-hundred day moving average is $207.88. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.