Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Cheviot Value Management LLC

Cheviot Value Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,096.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 62,367 shares of the e-commerce giant’s stock after buying an additional 59,527 shares during the quarter. Amazon.com accounts for approximately 1.7% of Cheviot Value Management LLC’s holdings, making the stock its 21st largest position. Cheviot Value Management LLC’s holdings in Amazon.com were worth $6,624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. LRT Capital Management LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $939,000. Bellecapital International Ltd. grew its holdings in Amazon.com by 1,993.8% in the second quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock valued at $7,503,000 after purchasing an additional 67,270 shares during the period. Van Hulzen Asset Management LLC grew its holdings in Amazon.com by 2.1% in the first quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock valued at $13,017,000 after purchasing an additional 82 shares during the period. Bouchey Financial Group Ltd grew its holdings in Amazon.com by 2,027.5% in the second quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock valued at $17,028,000 after purchasing an additional 152,790 shares during the period. Finally, Ervin Investment Management LLC grew its holdings in Amazon.com by 1,900.0% in the second quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock valued at $320,000 after purchasing an additional 2,793 shares during the period. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the completion of the transaction, the insider now directly owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $95.70, for a total value of $164,604.00. Following the completion of the sale, the director now owns 22,440 shares in the company, valued at approximately $2,147,508. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the completion of the sale, the insider now owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The disclosure for this sale can be found here. In the last three months, insiders sold 269,412 shares of company stock valued at $7,914,139. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $93.20 on Wednesday. The company’s fifty day moving average is $109.13 and its 200-day moving average is $116.76. Amazon.com, Inc. has a 12 month low of $85.87 and a 12 month high of $181.68. The firm has a market cap of $950.79 billion, a price-to-earnings ratio of 85.54, a price-to-earnings-growth ratio of 6.29 and a beta of 1.23. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The company had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. Equities analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AMZN shares. StockNews.com started coverage on shares of Amazon.com in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Atlantic Securities decreased their price objective on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Wedbush dropped their price objective on shares of Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Morgan Stanley reduced their target price on shares of Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Finally, Truist Financial decreased their price target on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $150.77.

Amazon.com Company Profile

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

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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