CV Advisors LLC Buys 2,165 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CV Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,437 shares of the e-commerce giant's stock after acquiring an additional 2,165 shares during the quarter. Amazon.com comprises approximately 5.7% of CV Advisors LLC's investment portfolio, making the stock its 3rd largest holding. CV Advisors LLC's holdings in Amazon.com were worth $16,065,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter worth approximately $35,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter worth approximately $40,000. Finally, Perritt Capital Management Inc increased its holdings in Amazon.com by 72.7% in the 4th 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 during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the company'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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,886,613 shares of company stock worth $1,531,840,610. Insiders own 10.80% of the company's stock.

Amazon.com Trading Up 1.2%

Shares of AMZN stock opened at $225.02 on Monday. The company's 50-day moving average price is $209.90 and its 200-day moving average price is $208.36. 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 cap of $2.39 trillion, a price-to-earnings ratio of 36.65, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wedbush reiterated an "outperform" rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Morgan Stanley increased their price target on shares of Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday. JMP Securities raised their price objective on shares of Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a research note on Thursday. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.

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.

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