F&V Capital Management LLC Buys New Position in Amazon.com, Inc. (NASDAQ:AMZN)

F&V Capital Management LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,323 shares of the e-commerce giant’s stock, valued at approximately $239,000.

A number of other hedge funds have also added to or reduced their stakes in the business. ShoreHaven Wealth Partners LLC grew its position in Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after buying an additional 60 shares during the period. O Dell Group LLC boosted its stake in Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after acquiring an additional 61 shares during the last quarter. Measured Wealth Private Client Group LLC grew its position in shares of Amazon.com by 2.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after acquiring an additional 62 shares during the period. Ballew Advisors Inc raised its holdings in shares of Amazon.com by 1.5% in the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares during the period. Finally, Socha Financial Group LLC lifted its stake in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock valued at $303,000 after purchasing an additional 63 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of 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. Over the last quarter, insiders have sold 65,338 shares of company stock worth $11,894,344. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

AMZN opened at $193.25 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $183.87 and its 200 day simple moving average is $173.11. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $199.84.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the business earned $0.31 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Argus upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. JMP Securities reiterated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. UBS Group upped their price target on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Bank of America raised their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $215.86.

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.