Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Central Valley Advisors LLC

Central Valley Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,194 shares of the e-commerce giant’s stock after purchasing an additional 825 shares during the period. Amazon.com accounts for about 2.2% of Central Valley Advisors LLC’s holdings, making the stock its 11th biggest position. Central Valley Advisors LLC’s holdings in Amazon.com were worth $4,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Collective Family Office LLC grew its position in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares during the last quarter. Members Trust Co grew its position in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after acquiring an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC grew its position in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the last quarter. Tompkins Financial Corp grew its position in shares of Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. grew its position in shares of Amazon.com by 3.9% during the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at $92,688,826.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock worth $11,894,344 over the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $197.85 on Friday. The business’s 50 day moving average is $183.13 and its two-hundred day moving average is $172.43. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 55.42, a PEG ratio of 1.33 and a beta of 1.14. 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) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the company posted $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Evercore ISI raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Citigroup lifted their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Bank of America lifted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Finally, Loop Capital lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $215.74.

Amazon.com Company 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.