Vega Investment Solutions Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Vega Investment Solutions bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,484 shares of the e-commerce giant's stock, valued at approximately $6,249,000. Amazon.com makes up approximately 5.1% of Vega Investment Solutions' holdings, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Investment Management Corp VA ADV purchased a new stake in Amazon.com in the 4th quarter valued at approximately $1,036,000. Helium Advisors LLC purchased a new stake in Amazon.com in the 4th quarter valued at approximately $2,520,000. BIP Alliance LLC purchased a new stake in Amazon.com in the 4th quarter valued at approximately $1,335,000. Breakthru Advisory Services LLC purchased a new stake in Amazon.com in the 4th quarter valued at approximately $1,178,000. Finally, GTS Securities LLC lifted its stake in Amazon.com by 457.5% in the 4th quarter. GTS Securities LLC now owns 107,555 shares of the e-commerce giant's stock valued at $23,596,000 after buying an additional 137,640 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.3%

NASDAQ:AMZN traded up $0.68 on Thursday, reaching $207.91. The stock had a trading volume of 51,794,788 shares, compared to its average volume of 42,029,545. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $191.06 and a 200 day moving average of $208.60. The stock has a market cap of $2.21 trillion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the company posted $0.98 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,037 shares of company stock valued at $20,531,075. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Maxim Group boosted their price target on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Mizuho cut their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Cantor Fitzgerald boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Citizens Jmp cut their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Scotiabank cut their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

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.