NTV Asset Management LLC Purchases 1,233 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• NTV Asset Management LLC increased its stake in Amazon.com by 4.1% during the first quarter, acquiring an additional 1,233 shares, which now represents about 0.8% of its investment portfolio.
• Amazon.com reported $1.68 earnings per share for its latest quarter, significantly exceeding the consensus estimate of $1.31, with a revenue of $167.70 billion.
• Analysts have varied price targets for Amazon, with Susquehanna raising theirs from $225 to $260, while others like Raymond James have set targets as low as $195.

NTV Asset Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,407 shares of the e-commerce giant's stock after acquiring an additional 1,233 shares during the quarter. Amazon.com comprises approximately 0.8% of NTV Asset Management LLC's holdings, making the stock its 29th largest position. NTV Asset Management LLC's holdings in Amazon.com were worth $5,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com in the 4th quarter valued at $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter valued at $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMZN shares. Canaccord Genuity Group reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday. Tigress Financial upped their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, BMO Capital Markets increased their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Buy" and an average target price of $262.45.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 1.5%

Shares of Amazon.com stock traded up $3.07 on Tuesday, hitting $214.72. The stock had a trading volume of 12,112,218 shares, compared to its average volume of 44,828,645. The stock has a 50 day moving average of $218.42 and a 200 day moving average of $208.93. Amazon.com, Inc. has a twelve month low of $158.54 and a twelve month high of $242.52. The firm has a market capitalization of $2.28 trillion, a P/E ratio of 32.85, a PEG ratio of 1.57 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 announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.