Amazon.com, Inc. (NASDAQ:AMZN) is Vima LLC’s 7th Largest Position

Vima LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,677 shares of the e-commerce giant’s stock after purchasing an additional 758 shares during the period. Amazon.com comprises approximately 4.1% of Vima LLC’s investment portfolio, making the stock its 7th largest holding. Vima LLC’s holdings in Amazon.com were worth $1,870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Transcendent Capital Group LLC purchased a new position in Amazon.com during the 4th quarter valued at about $2,388,000. Creekmur Asset Management LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $3,439,000. Northwest Bank & Trust Co purchased a new position in shares of Amazon.com during the 4th quarter valued at $3,260,000. Fortis Group Advisors LLC increased its stake in Amazon.com by 10.7% in the 4th quarter. Fortis Group Advisors LLC now owns 7,775 shares of the e-commerce giant’s stock worth $1,181,000 after acquiring an additional 750 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new stake in Amazon.com in the fourth quarter valued at approximately $1,257,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. TD Securities upped their price objective on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Pivotal Research assumed coverage on Amazon.com in a research note on Friday. They issued a “buy” rating and a $260.00 price target on the stock. Roth Mkm increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Sanford C. Bernstein upped their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $187.54 on Tuesday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $1.95 trillion, a P/E ratio of 52.53, a P/E/G ratio of 1.38 and a beta of 1.14. The stock has a 50-day moving average of $180.11 and a two-hundred day moving average of $183.24.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, research analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current year.

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.