Graver Capital Management LLC Invests $357,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Graver Capital Management LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,625 shares of the e-commerce giant’s stock, valued at approximately $357,000. Amazon.com comprises 0.4% of Graver Capital Management LLC’s portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Regent Peak Wealth Advisors LLC raised its holdings in Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock valued at $9,906,000 after buying an additional 318 shares during the last quarter. RMR Wealth Builders raised its holdings in Amazon.com by 2.5% during the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock valued at $15,450,000 after buying an additional 1,690 shares during the last quarter. Mayfair Advisory Group LLC raised its holdings in Amazon.com by 13.4% during the 4th quarter. Mayfair Advisory Group LLC now owns 5,697 shares of the e-commerce giant’s stock valued at $1,250,000 after buying an additional 672 shares during the last quarter. Fiduciary Financial Group LLC raised its holdings in Amazon.com by 19.5% during the 4th quarter. Fiduciary Financial Group LLC now owns 9,249 shares of the e-commerce giant’s stock valued at $2,025,000 after buying an additional 1,511 shares during the last quarter. Finally, 626 Financial LLC raised its holdings in Amazon.com by 0.6% during the 4th quarter. 626 Financial LLC now owns 36,176 shares of the e-commerce giant’s stock valued at $7,937,000 after buying an additional 229 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.0%

Amazon.com stock opened at $200.99 on Tuesday. The firm has a 50 day moving average of $190.16 and a 200 day moving average of $208.75. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AMZN shares. DA Davidson reduced their price objective on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Wall Street Zen downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Bank of America reduced their price objective on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Mizuho reduced their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $244.09.

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.