Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by OV Management LLC

OV Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,060 shares of the e-commerce giant's stock after buying an additional 1,858 shares during the quarter. Amazon.com comprises approximately 3.4% of OV Management LLC's investment portfolio, making the stock its 6th largest holding. OV Management LLC's holdings in Amazon.com were worth $7,253,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Rench Wealth Management Inc. raised its holdings in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after purchasing an additional 3,703 shares during the period. Blankinship & Foster LLC boosted its position in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after acquiring an additional 4,740 shares during the last quarter. One Wealth Capital Management LLC purchased a new position in Amazon.com during the fourth quarter worth about $4,270,000. Floyd Financial Group LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at approximately $4,494,000. Finally, Patton Albertson Miller Group LLC lifted its stake in shares of Amazon.com by 2.7% in the 4th quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant's stock valued at $4,122,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AMZN shares. 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 report on Tuesday, February 25th. Raymond James reaffirmed an "outperform" rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research report on Monday. Barclays boosted their target price on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Citigroup cut their price objective on Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $247.56.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock traded up $7.66 during mid-day trading on Wednesday, hitting $180.84. The stock had a trading volume of 63,151,736 shares, compared to its average volume of 41,914,739. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company's 50-day simple moving average is $196.07 and its 200-day simple moving average is $207.85. The firm has a market cap of $1.92 trillion, a PE ratio of 32.70, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.