Columbia River Financial Group LLC Invests $2.01 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Columbia River Financial Group LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,177 shares of the e-commerce giant's stock, valued at approximately $2,013,000. Amazon.com makes up about 1.4% of Columbia River Financial Group LLC's portfolio, making the stock its 19th biggest holding.

A number of other hedge funds have also modified their holdings of AMZN. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter worth $27,000. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter valued at about $35,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the fourth quarter worth about $51,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 over the last 90 days. Company insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Evercore ISI decreased their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Truist Financial dropped their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Benchmark reaffirmed a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. DA Davidson dropped their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Stock Up 2.7%

Shares of NASDAQ:AMZN traded up $5.66 during midday trading on Friday, hitting $213.57. 39,742,962 shares of the company's stock traded hands, compared to its average volume of 42,060,312. The firm's fifty day moving average price is $191.41 and its two-hundred day moving average price is $208.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.27 trillion, a PE ratio of 38.62, a P/E/G ratio of 1.50 and a beta of 1.33.

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

Amazon.com 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.