Amazon.com, Inc. stock (NASDAQ:AMZN) acquired by Davis Investment Partners LLC

Davis Investment Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 1st quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The institutional investor holds 4,574 shares of the e-commerce giant’s stock after acquiring an additional 185 shares during the period. Davis Investment Partners LLC’s stake in Amazon.com was worth $851,000 at the end of the last quarter.

Other hedge funds also recently bought and sold shares of the company. Collective Family Office LLC increased its stake in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after acquiring an additional 819 shares in the last quarter. Members Trust Co increased its stake in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after acquiring an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC grew its stake in Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp. increased its share of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp. now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. increased its share of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Amazon.com Stocks Down 2.3%

AMZN opened at $193.25 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a 50-day simple moving average of $183.87 and a 200-day simple moving average of $173.11. The company’s stock has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a P/E/G ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $199.84.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue increased 12.5% ​​compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Stock analysts, on average, predict that Amazon.com, Inc. will post earnings of 4.72 per share for the current fiscal year.

Analysts set new price targets

AMZN has been the subject of several research reports. Oppenheimer raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. Robert W. Baird increased their price target on Amazon.com from $210.00 to $213.00 and gave the stock an outperform rating in a report on Friday, June 21st. Maxim Group lowered their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Wedbush restated an outperform rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a “hold”, forty-three have rated the stock with a “buy” rating and one has rated the stock with a “strong buy” rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $215.86.

Read our latest stock analysis on AMZN

Internal activity

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, bringing the total value to $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in legal documents filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, bringing the total value to $632,555.00. Following the completion of the transaction, the CEO now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, bringing the total value to $489,753.00. Following the completion of the transaction, the vice president directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. Disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock worth $11,894,344 over the last three months. 10.80% of the shares are currently owned by company insiders.

About Amazon.com

(Free Report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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