CV Advisors LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

CV Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 50.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,272 shares of the e-commerce giant's stock after acquiring an additional 27,533 shares during the quarter. Amazon.com accounts for about 5.7% of CV Advisors LLC's investment portfolio, making the stock its 4th largest holding. CV Advisors LLC's holdings in Amazon.com were worth $16,624,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AMZN. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC raised its position in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com during the 4th quarter worth approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Amazon.com during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of 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 represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 in the last quarter. Insiders own 10.80% of the company's stock.

Amazon.com Stock Down 1.0 %

Shares of NASDAQ AMZN traded down $1.82 during trading on Friday, hitting $172.51. 44,456,290 shares of the company traded hands, compared to its average volume of 41,728,394. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. The business's fifty day moving average is $198.44 and its 200 day moving average is $208.23. 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 - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMZN. Westpark Capital initiated coverage on shares of Amazon.com in a research report on Tuesday, April 1st. They set a "buy" rating and a $280.00 price target on the stock. Barclays raised their price target on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Finally, The Goldman Sachs Group raised their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $252.73.

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.