Harvey Capital Management Inc. Buys 4,230 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Harvey Capital Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,846 shares of the e-commerce giant's stock after purchasing an additional 4,230 shares during the quarter. Amazon.com accounts for approximately 8.1% of Harvey Capital Management Inc.'s investment portfolio, making the stock its 2nd largest position. Harvey Capital Management Inc.'s holdings in Amazon.com were worth $34,410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the last quarter. MBM Wealth Consultants LLC raised its holdings in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after buying an additional 48 shares during the last quarter. Semus Wealth Partners LLC raised its holdings in shares of Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after buying an additional 49 shares during the last quarter. GGM Financials LLC raised its holdings in shares of Amazon.com by 2.1% in the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant's stock valued at $540,000 after buying an additional 50 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in shares of Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock valued at $626,000 after buying an additional 51 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 5,848 shares of the stock in a transaction on 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 sale, the senior vice president now owns 69,162 shares in the company, valued at approximately $15,265,436.64. This represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on 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 completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Up 1.1 %

Shares of Amazon.com stock opened at $196.59 on Wednesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.08 trillion, a P/E ratio of 35.55, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $223.12 and its 200-day moving average is $207.25.

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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 (EPS) for the quarter, topping 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%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on AMZN. Redburn Atlantic lifted their price target on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Raymond James lifted their price target on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Piper Sandler reiterated an "overweight" rating and issued a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Morgan Stanley lifted their price objective on Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, Moffett Nathanson lifted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $260.65.

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.

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