Blue Rock Wealth Management LLC Makes New $2.39 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Blue Rock Wealth Management LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,892 shares of the e-commerce giant's stock, valued at approximately $2,389,000. Amazon.com makes up approximately 2.5% of Blue Rock Wealth Management LLC's holdings, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Regent Peak Wealth Advisors LLC boosted its holdings in Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after acquiring an additional 318 shares in the last quarter. LVM Capital Management Ltd. MI boosted its holdings in Amazon.com by 16.4% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,776 shares of the e-commerce giant's stock worth $1,267,000 after acquiring an additional 813 shares in the last quarter. Sage Capital Advisors llc boosted its holdings in Amazon.com by 0.6% in the fourth quarter. Sage Capital Advisors llc now owns 71,463 shares of the e-commerce giant's stock worth $15,678,000 after acquiring an additional 396 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its holdings in Amazon.com by 4.9% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 11,158 shares of the e-commerce giant's stock worth $2,448,000 after acquiring an additional 523 shares in the last quarter. Finally, Praetorian Wealth Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth about $730,000. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The shares were 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 in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,081 shares of company stock worth $17,421,044 in the last 90 days. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $201.12 on Thursday. 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 firm has a 50-day moving average of $189.74 and a 200-day moving average of $208.74. The firm has a market cap of $2.14 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. Amazon.com's revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMZN. Benchmark restated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald raised their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Scotiabank reduced their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Tigress Financial lifted their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Rosenblatt Securities raised their price objective on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $244.09.

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.

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