Osher Van de Voorde Investment Management Purchases 8,610 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Osher Van de Voorde Investment Management boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,390 shares of the e-commerce giant's stock after purchasing an additional 8,610 shares during the period. Amazon.com comprises approximately 4.9% of Osher Van de Voorde Investment Management's holdings, making the stock its 5th largest holding. Osher Van de Voorde Investment Management's holdings in Amazon.com were worth $21,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC purchased a new position in Amazon.com in the fourth quarter worth about $43,000. Harbor Investment Advisory LLC lifted its stake in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock worth $46,000 after buying an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the sale, the chief executive officer now directly owns 512,858 shares of the company's stock, valued at $92,688,826.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,338 shares of company stock valued at $11,894,344. Insiders own 10.80% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded up $2.98 during trading on Friday, hitting $189.08. 72,873,163 shares of the stock traded hands, compared to its average volume of 42,108,965. The company has a market capitalization of $1.97 trillion, a P/E ratio of 52.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The firm has a 50-day simple moving average of $182.78 and a 200-day simple moving average of $171.37. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the firm posted $0.31 earnings per share. Amazon.com's revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Robert W. Baird upped their price objective on Amazon.com from $210.00 to $213.00 and gave the company an "outperform" rating in a research report on Friday. Benchmark reaffirmed a "buy" rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. DA Davidson reiterated a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Rosenblatt Securities restated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Loop Capital lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, May 6th. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $213.89.

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.