CVA Family Office LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

CVA Family Office LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,957 shares of the e-commerce giant’s stock after acquiring an additional 907 shares during the period. CVA Family Office LLC’s holdings in Amazon.com were worth $2,471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC grew its stake in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. increased its holdings in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp raised its position in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC boosted its stake in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $139.98 on Tuesday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The firm has a 50-day moving average of $135.07 and a two-hundred day moving average of $119.43. The firm has a market capitalization of $1.44 trillion, a PE ratio of 110.22, a P/E/G ratio of 1.92 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The business had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. On average, analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Insider Activity

In related news, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at $9,343,469.40. The disclosure for this sale can be found here. Insiders sold 1,408,645 shares of company stock worth $55,216,743 over the last quarter. Corporate insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Rosenblatt Securities raised shares of Amazon.com from a “neutral” rating to a “buy” rating and upped their price target for the company from $111.00 to $184.00 in a report on Friday, August 4th. Benchmark increased their price target on shares of Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Mizuho boosted their price objective on Amazon.com from $160.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 4th. Redburn Partners lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Piper Jaffray Companies upped their price target on Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.22.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.