Torray Investment Partners LLC Purchases 2,268 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Torray Investment Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,928 shares of the e-commerce giant’s stock after buying an additional 2,268 shares during the period. Torray Investment Partners LLC’s holdings in Amazon.com were worth $7,134,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AMZN. Fiduciary Planning LLC raised its position in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC raised its position in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. raised its position in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. raised its position in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners raised its position in Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the period. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $114.99 on Wednesday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The stock has a market capitalization of $1.18 trillion, a price-to-earnings ratio of 273.79, a price-to-earnings-growth ratio of 4.04 and a beta of 1.26. The company has a fifty day moving average of $104.48 and a 200-day moving average of $97.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. During the same period in the prior year, the business posted $0.21 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 16,800 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $116.69, for a total transaction of $1,960,392.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $5,717,810. The disclosure for this sale can be found here. Insiders sold 75,144 shares of company stock worth $8,405,887 in the last three months. 12.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Benchmark boosted their price target on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. JMP Securities reissued a “market outperform” rating and issued a $140.00 price target on shares of Amazon.com in a research report on Wednesday, April 19th. Finally, Tigress Financial reissued a “buy” rating and issued a $192.00 price target on shares of Amazon.com in a research report on Thursday, February 9th. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $143.12.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.