Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,270 shares of the e-commerce giant’s stock after purchasing an additional 209 shares during the quarter. Amazon.com comprises 1.6% of Oliver Lagore Vanvalin Investment Group’s holdings, making the stock its 11th biggest position. Oliver Lagore Vanvalin Investment Group’s holdings in Amazon.com were worth $5,463,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMZN. Vanguard Group Inc. increased its stake in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the period. Swedbank AB acquired a new position in Amazon.com during the 1st quarter valued at about $2,239,757,000. Capital World Investors increased its stake in Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after buying an additional 11,524,463 shares during the period. Capital Research Global Investors increased its stake in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC increased its stake in Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after buying an additional 3,903,889 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMZN shares. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research note on Friday, August 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Tuesday, October 15th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Thursday, September 19th. Finally, Truist Financial lifted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Two investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Price Performance

NASDAQ AMZN opened at $187.83 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.95 trillion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a 50 day moving average price of $183.50 and a two-hundred day moving average price of $183.56. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, equities analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

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.