Arvest Investments Inc. Invests $1.36 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Arvest Investments Inc. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,151 shares of the e-commerce giant's stock, valued at approximately $1,361,000.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% during the fourth 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $6.18 during trading on Friday, reaching $223.30. The company had a trading volume of 119,060,979 shares, compared to its average volume of 42,289,243. The company has a fifty day moving average of $201.25 and a two-hundred day moving average of $209.02. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 1.60 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 released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts forecast 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 that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The shares were 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 ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Piper Sandler restated an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Westpark Capital reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research report on Friday. Morgan Stanley decreased their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Jefferies Financial Group cut their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $245.81.

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.