Leavell Investment Management Inc. Buys 3,941 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Leavell Investment Management Inc. increased its holdings in Amazon by 4.4%, owning a total of 92,883 shares worth approximately $17.67 million, making it the fund's 22nd largest position.
• Amazon reported earnings of $1.68 per share for the last quarter, exceeding analysts' estimates of $1.31, alongside a revenue increase to $167.70 billion, a 13.3% year-over-year growth.
• Insider Jeffrey P. Bezos sold over 2.6 million shares, resulting in a 0.3% decrease in his ownership, while insiders collectively sold shares worth approximately $5.67 billion over the past ninety days.

Leavell Investment Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 92,883 shares of the e-commerce giant's stock after purchasing an additional 3,941 shares during the quarter. Amazon.com accounts for 0.9% of Leavell Investment Management Inc.'s investment portfolio, making the stock its 22nd biggest holding. Leavell Investment Management Inc.'s holdings in Amazon.com were worth $17,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth approximately $35,000. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com in the 1st quarter worth approximately $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock traded up $8.44 during trading hours on Wednesday, reaching $222.19. The company had a trading volume of 54,656,017 shares, compared to its average volume of 45,179,059. The business has a fifty day moving average price of $218.57 and a 200-day moving average price of $208.96. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm has a market cap of $2.37 trillion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 25,102,037 shares of company stock valued at $5,674,937,048 over the last quarter. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMZN shares. Piper Sandler increased their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Truist Financial increased their price target on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Barclays raised their price objective on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Stifel Nicolaus raised their target price on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Telsey Advisory Group raised their target price on Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $262.45.

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.