PharVision Advisers LLC Makes New $433,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

PharVision Advisers LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,973 shares of the e-commerce giant's stock, valued at approximately $433,000.

A number of other hedge funds have also recently modified their holdings of AMZN. NCM Capital Management LLC boosted its stake in Amazon.com by 6.5% in the fourth quarter. NCM Capital Management LLC now owns 8,084 shares of the e-commerce giant's stock valued at $1,773,000 after acquiring an additional 494 shares in the last quarter. Royal Capital Wealth Management LLC lifted its holdings in shares of Amazon.com by 1.7% in the 4th quarter. Royal Capital Wealth Management LLC now owns 22,346 shares of the e-commerce giant's stock valued at $4,902,000 after purchasing an additional 375 shares during the last quarter. Glen Eagle Advisors LLC lifted its holdings in shares of Amazon.com by 0.4% in the 4th quarter. Glen Eagle Advisors LLC now owns 57,189 shares of the e-commerce giant's stock valued at $12,547,000 after purchasing an additional 206 shares during the last quarter. White Knight Strategic Wealth Advisors LLC boosted its position in shares of Amazon.com by 94.3% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 50,714 shares of the e-commerce giant's stock valued at $11,126,000 after purchasing an additional 24,607 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $1,051,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated 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. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $0.94 during trading on Tuesday, hitting $205.71. 33,063,184 shares of the company were exchanged, compared to its average volume of 41,934,444. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $190.68 and a 200 day moving average price of $208.63. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.30.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Benchmark reiterated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Morgan Stanley decreased their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Raymond James restated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Cantor Fitzgerald increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $244.57.

Amazon.com Company 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.