Dravo Bay LLC Invests $370,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Dravo Bay LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,688 shares of the e-commerce giant's stock, valued at approximately $370,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Rench Wealth Management Inc. boosted its stake in shares of 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 valued at $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Blankinship & Foster LLC lifted its holdings in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after buying an additional 4,740 shares during the period. Umpqua Bank lifted its holdings in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after buying an additional 137 shares during the period. One Wealth Capital Management LLC bought a new stake in Amazon.com during the fourth quarter valued at $4,270,000. Finally, Floyd Financial Group LLC acquired a new stake in Amazon.com during the 4th quarter worth about $4,494,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AMZN shares. Raymond James boosted their price objective on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. UBS Group boosted their price target on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Barclays increased their price target on Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $259.26.

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Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 5,848 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the transaction, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded down $4.60 on Tuesday, hitting $170.66. 87,369,753 shares of the stock were exchanged, compared to its average volume of 41,100,882. The firm's 50 day moving average is $208.30 and its two-hundred day moving average is $208.70. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $1.81 trillion, a PE ratio of 30.86, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

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