GG Group Ventures LLC Has $1.02 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

GG Group Ventures LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,664 shares of the e-commerce giant’s stock after acquiring an additional 265 shares during the quarter. Amazon.com comprises approximately 1.3% of GG Group Ventures LLC’s investment portfolio, making the stock its 17th biggest holding. GG Group Ventures LLC’s holdings in Amazon.com were worth $1,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wick Capital Partners LLC boosted its stake in Amazon.com by 278.0% during the 4th quarter. Wick Capital Partners LLC now owns 16,962 shares of the e-commerce giant’s stock worth $3,721,000 after acquiring an additional 12,475 shares during the last quarter. Navigoe LLC bought a new position in Amazon.com during the 4th quarter worth approximately $86,000. Triumph Capital Management boosted its stake in Amazon.com by 12.0% during the 4th quarter. Triumph Capital Management now owns 12,516 shares of the e-commerce giant’s stock worth $2,746,000 after acquiring an additional 1,342 shares during the last quarter. WealthCollab LLC boosted its stake in Amazon.com by 1.8% during the 4th quarter. WealthCollab LLC now owns 17,240 shares of the e-commerce giant’s stock worth $3,782,000 after acquiring an additional 312 shares during the last quarter. Finally, Becker Capital Management Inc. lifted its stake in Amazon.com by 1.0% in the fourth quarter. Becker Capital Management Inc. now owns 249,064 shares of the e-commerce giant’s stock valued at $54,642,000 after buying an additional 2,576 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.0%

AMZN stock opened at $204.07 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company’s 50-day simple moving average is $189.68 and its 200 day simple moving average is $208.79. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market capitalization of $2.17 trillion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the company posted $0.98 earnings per share. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,081 shares of company stock valued at $17,421,044 over the last quarter. 9.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMZN shares. BNP Paribas raised shares of Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Stifel Nicolaus cut their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Citizens Jmp cut 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. Finally, Maxim Group boosted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.