Amazon.com, Inc. (NASDAQ:AMZN) is Dover Advisors LLC's 5th Largest Position

Dover Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,943 shares of the e-commerce giant's stock after buying an additional 2,614 shares during the quarter. Amazon.com makes up approximately 2.3% of Dover Advisors LLC's investment portfolio, making the stock its 5th biggest holding. Dover Advisors LLC's holdings in Amazon.com were worth $5,316,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter valued at about $35,000. Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com in the fourth quarter valued at about $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,537 shares of company stock worth $20,061,100. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMZN shares. Needham & Company LLC reissued a "buy" rating and set a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citizens Jmp cut their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.81.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $219.39 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.68 and a beta of 1.34. The firm's 50 day simple moving average is $203.30 and its 200-day simple moving average is $208.67. 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 released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the business earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.

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