Visionary Horizons LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Visionary Horizons LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,850 shares of the e-commerce giant’s stock, valued at approximately $585,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Bridgefront Capital LLC purchased a new position in shares of Amazon.com in the first quarter worth $228,000. Krane Funds Advisors LLC raised its stake in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC purchased a new position in shares of Amazon.com in the first quarter worth $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com in the first quarter worth $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com in the first quarter worth $191,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $179.22 on Friday. The stock has a 50 day moving average of $177.28 and a 200 day moving average of $156.52. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The firm has a market cap of $1.86 trillion, a PE ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the sale, the chief executive officer now directly owns 512,858 shares in the company, valued at $92,688,826.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock worth $5,505,798,456 over the last ninety days. Company insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Benchmark boosted their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JMP Securities boosted their price target on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Wolfe Research boosted their price target on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group upped their price objective on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Susquehanna upped their price objective on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $202.80.

Amazon.com Profile

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.