Oliver Lagore Vanvalin Investment Group Purchases 1,964 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Oliver Lagore Vanvalin Investment Group grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,431 shares of the e-commerce giant’s stock after buying an additional 1,964 shares during the period. Amazon.com accounts for about 1.3% of Oliver Lagore Vanvalin Investment Group’s portfolio, making the stock its 14th largest position. Oliver Lagore Vanvalin Investment Group’s holdings in Amazon.com were worth $3,408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Members Trust Co increased its holdings in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after acquiring an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC grew its position in Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the last quarter. Tompkins Financial Corp increased its stake in Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Nicholas Company Inc. raised its holdings in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after buying an additional 277,631 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $188.00 on Thursday. Amazon.com, Inc. has a twelve month low of $105.16 and a twelve month high of $189.94. The company has a market cap of $1.96 trillion, a P/E ratio of 52.66, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $179.60 and its 200-day moving average price is $161.63.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group raised their target price on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt lifted their target price on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Loop Capital upped their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Piper Sandler upped their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $211.62.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 10,920 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $169.21, for a total transaction of $1,847,773.20. Following the transaction, the senior vice president now directly owns 59,100 shares in the company, valued at $10,000,311. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,198,961 shares of company stock valued at $4,482,430,577. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.