Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by OV Management LLC

OV Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,060 shares of the e-commerce giant’s stock after purchasing an additional 1,858 shares during the quarter. Amazon.com accounts for 3.4% of OV Management LLC’s holdings, making the stock its 6th biggest holding. OV Management LLC’s holdings in Amazon.com were worth $7,253,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter valued at $27,000. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the fourth quarter valued at about $51,000. Quattro Financial Advisors LLC boosted its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at $54,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Loop Capital lifted their price target on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Citizens Jmp lowered their price objective on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. HSBC boosted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada boosted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $249.90.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $167.32 on Tuesday. The company has a 50 day simple moving average of $197.21 and a two-hundred day simple moving average of $208.09. The company has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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.

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.