Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Bay Rivers Group

Bay Rivers Group lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,052 shares of the e-commerce giant’s stock after purchasing an additional 302 shares during the period. Amazon.com makes up 2.4% of Bay Rivers Group’s holdings, making the stock its 18th biggest holding. Bay Rivers Group’s holdings in Amazon.com were worth $4,338,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at about $30,000. PayPay Securities Corp lifted its stake in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in Amazon.com during the 4th quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMZN shares. Barclays increased their target price on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Evercore ISI raised their target price on Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley upped their price target on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Finally, Citigroup boosted their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $205.13.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $1.34 on Monday, hitting $180.96. The company had a trading volume of 53,954,343 shares, compared to its average volume of 42,970,363. The company has a market cap of $1.88 trillion, a PE ratio of 62.40, a PEG ratio of 1.55 and a beta of 1.17. The business has a 50 day moving average of $178.22 and a 200 day moving average of $159.32. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.80% of the company’s stock.

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.