Strive Asset Management LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Strive Asset Management LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,690 shares of the e-commerce giant's stock, valued at approximately $4,100,000. Amazon.com comprises about 3.1% of Strive Asset Management LLC's portfolio, making the stock its 4th largest position.

Other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth about $35,000. Finally, Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 0.9%

Shares of Amazon.com stock traded down $1.77 on Friday, hitting $203.93. The company had a trading volume of 51,641,602 shares, compared to its average volume of 42,021,406. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a 50-day moving average of $190.57 and a 200-day moving average of $208.63.

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, beating the consensus estimate 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 net margin of 9.29% and a return on equity of 24.25%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 over the last 90 days. 9.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Loop Capital boosted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Truist Financial dropped their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group dropped their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

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.