GKV Capital Management Co. Inc. Invests $10.15 Million in Amazon.com, Inc. (NASDAQ:AMZN)

GKV Capital Management Co. Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 46,257 shares of the e-commerce giant’s stock, valued at approximately $10,148,000. Amazon.com makes up 4.1% of GKV Capital Management Co. Inc.’s holdings, making the stock its 5th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL raised its position in shares of Amazon.com by 7.1% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 9,618 shares of the e-commerce giant’s stock worth $2,110,000 after purchasing an additional 638 shares during the period. Capital Square LLC raised its position in shares of Amazon.com by 2.8% during the fourth quarter. Capital Square LLC now owns 21,029 shares of the e-commerce giant’s stock worth $4,939,000 after purchasing an additional 578 shares during the period. Twenty Acre Capital LP raised its position in shares of Amazon.com by 6.3% during the fourth quarter. Twenty Acre Capital LP now owns 40,300 shares of the e-commerce giant’s stock worth $8,841,000 after purchasing an additional 2,400 shares during the period. Demars Financial Group LLC raised its position in shares of Amazon.com by 21,944.6% during the fourth quarter. Demars Financial Group LLC now owns 1,850,864 shares of the e-commerce giant’s stock worth $406,061,000 after purchasing an additional 1,842,468 shares during the period. Finally, Greenwood Gearhart Inc. raised its position in shares of Amazon.com by 5.1% during the fourth quarter. Greenwood Gearhart Inc. now owns 118,121 shares of the e-commerce giant’s stock worth $25,915,000 after purchasing an additional 5,711 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now owns 506,974 shares of the company’s stock, valued at $96,664,732.58. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,798 shares of company stock valued at $17,486,053 in the last 90 days. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Cantor Fitzgerald boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. The Goldman Sachs Group cut their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Maxim Group upped their price target on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $244.09.

Amazon.com Price Performance

NASDAQ AMZN opened at $211.37 on Wednesday. The stock has a market capitalization of $2.24 trillion, a PE ratio of 38.22, a P/E/G ratio of 1.50 and a beta of 1.30. The stock has a 50-day simple moving average of $188.72 and a 200 day simple moving average of $208.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company 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.