Investment Management Corp VA ADV Invests $1.04 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Investment Management Corp VA ADV acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,721 shares of the e-commerce giant's stock, valued at approximately $1,036,000. Amazon.com makes up about 0.9% of Investment Management Corp VA ADV's portfolio, making the stock its 18th biggest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Norges Bank bought a new position in Amazon.com in the 4th quarter valued at approximately $27,266,582,000. Capital World Investors raised its stake in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. raised its stake in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors raised its stake in Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Evercore ISI reduced their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Trading Up 0.3%

Shares of NASDAQ:AMZN traded up $0.68 during trading on Thursday, reaching $207.91. The company's stock had a trading volume of 51,794,788 shares, compared to its average volume of 42,029,545. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $2.21 trillion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The firm's 50 day simple moving average is $191.06 and its two-hundred day simple moving average is $208.60.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm 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%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. 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 company insiders.

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.