MV Capital Management Inc. buys 163 shares of Amazon.com, Inc. (NASDAQ:AMZN)

MV Capital Management Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 1.4% in the first quarter, according to the company’s latest 13F filing with the Securities & Exchange Commission. The institutional investor holds 11,572 shares of the e-commerce giant after purchasing an additional 163 shares during the period. MV Capital Management Inc.’s stake in Amazon.com was worth $2,087,000 at the end of the last quarter.

Several other hedge funds also bought and sold shares of the company. Collective Family Office LLC increased its position in Amazon.com shares by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its holdings in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after acquiring an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its holdings in Amazon.com shares by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp. increased its position in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp. now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Internal Transactions

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the completion of the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the completion of the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total of $90,690.00. Following the completion of the sale, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. Disclosure of this sale can be found here. Over the last 90 days, insiders have sold 5,847,094 shares of the company’s stock valued at $1,169,058,874. Company insiders own 10.80% of the stock.

Amazon.com Stock Performance

Amazon.com shares opened at $199.79 on Thursday. The company has a 50-day simple moving average of $187.26 and a 200-day simple moving average of $175.75. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a market capitalization of $2.08 trillion, a P/E ratio of 55.96, a P/E/G ratio of 1.43 and a beta of 1.15. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its 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%. Amazon.com’s quarterly revenue increased 12.5% ​​compared to the same quarter last year. During the same period last year, the company reported $0.31 earnings per share. Research analysts expect Amazon.com, Inc. to report earnings of $4.72 per share for the current year.

Analyst ratings upgrades and downgrades

AMZN has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Tuesday. TD Cowen raised their price target for Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday. Goldman Sachs Group raised their price target for Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. Finally, JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1. One analyst rated the stock a “hold,” forty-two rated it a “buy,” and one gave the stock a “strong buy” rating. The stock currently has an average rating of “Buy” and a consensus price target of $217.38, according to data from MarketBeat.

Read our latest Amazon.com stock analysis

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. 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 multimedia content.

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