Victrix Investment Advisors Acquires Shares of 36,659 Amazon.com, Inc. (NASDAQ:AMZN)

Victrix Investment Advisors acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 36,659 shares of the e-commerce giant's stock, valued at approximately $8,043,000. Amazon.com accounts for about 5.8% of Victrix Investment Advisors' investment portfolio, making the stock its 4th largest position.

Other hedge funds also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management purchased a new position in Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com in the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $1.64 during midday trading on Monday, reaching $206.65. The company's stock had a trading volume of 29,034,623 shares, compared to its average volume of 41,968,820. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $190.57 and a 200 day moving average price of $208.61. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald upped their target price on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. BNP Paribas raised shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.57.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is owned by corporate 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.