Cvfg LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cvfg LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,109 shares of the e-commerce giant's stock, valued at approximately $1,998,000. Amazon.com makes up about 1.8% of Cvfg LLC's investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Constitution Capital LLC increased its position in shares of Amazon.com by 10.3% during the fourth quarter. Constitution Capital LLC now owns 16,080 shares of the e-commerce giant's stock worth $3,528,000 after purchasing an additional 1,500 shares in the last quarter. Central Valley Advisors LLC grew its holdings in shares of Amazon.com by 2.9% during the fourth quarter. Central Valley Advisors LLC now owns 23,573 shares of the e-commerce giant's stock worth $5,172,000 after buying an additional 659 shares during the last quarter. Bennett Associates Wealth Management purchased a new position in shares of Amazon.com during the fourth quarter worth about $287,000. Bouvel Investment Partners LLC grew its holdings in shares of Amazon.com by 1.2% during the fourth quarter. Bouvel Investment Partners LLC now owns 41,986 shares of the e-commerce giant's stock worth $9,211,000 after buying an additional 505 shares during the last quarter. Finally, Fermata Advisors LLC grew its holdings in shares of Amazon.com by 3.2% during the fourth quarter. Fermata Advisors LLC now owns 16,941 shares of the e-commerce giant's stock worth $3,717,000 after buying an additional 533 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $2.43 during trading hours on Thursday, hitting $234.64. The stock had a trading volume of 31,950,988 shares, compared to its average volume of 32,440,846. The stock's fifty day simple moving average is $222.30 and its 200 day simple moving average is $198.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $241.77. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.24, a PEG ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMZN shares. Wolfe Research raised their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Wells Fargo & Company raised their price target on Amazon.com from $197.00 to $212.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Evercore ISI lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $249.46.

About Amazon.com

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.