LVM Capital Management Ltd. MI trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the first quarter, Holdings Channel.com reports. The firm owned 5,673 shares of the e-commerce giant’s stock after selling 103 shares during the period. LVM Capital Management Ltd. MI’s holdings in Amazon.com were worth $1,079,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Cable Hill Partners LLC increased its stake in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after buying an additional 44 shares during the period. Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. Northern Capital Management Inc. increased its stake in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management increased its stake in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after buying an additional 47 shares during the period. Finally, Balanced Wealth Group LLC grew its holdings in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after acquiring an additional 48 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Trading Up 0.3%
Shares of NASDAQ:AMZN opened at $217.61 on Wednesday. The company has a 50 day moving average of $193.04 and a 200-day moving average of $209.02. The firm has a market cap of $2.31 trillion, a P/E ratio of 39.35, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.
Insider Transactions at Amazon.com
In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last three months, insiders sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 9.70% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Raymond James reissued an “outperform” rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Barclays decreased their price objective on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Finally, Benchmark reissued a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $244.89.
Read Our Latest Stock Report on AMZN
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.
Further Reading
- Five stocks we like better than Amazon.com
- Why Are Stock Sectors Important to Successful Investing?
- AppLovin Dips on S&P 500 Snub, Morgan Stanley Lifts Target Anyway
- Top Biotech Stocks: Exploring Innovation Opportunities
- Casey’s Surges on Strong Q4, More Gains Likely Ahead
- Compound Interest and Why It Matters When Investing
- Government Mandate Sends eVTOL Stocks Flying
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.