Violich Capital Management Inc. Purchases 1,260 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Violich Capital Management Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 71,055 shares of the e-commerce giant’s stock after acquiring an additional 1,260 shares during the quarter. Amazon.com makes up approximately 1.8% of Violich Capital Management Inc.’s portfolio, making the stock its 15th biggest position. Violich Capital Management Inc.’s holdings in Amazon.com were worth $13,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter valued at about $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter valued at about $40,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $221.47 on Wednesday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.36 trillion, a P/E ratio of 33.76, a P/E/G ratio of 1.49 and a beta of 1.31. The stock’s fifty day moving average is $220.25 and its two-hundred day moving average is $208.61.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,101,037 shares of company stock worth $5,674,726,368 in the last quarter. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective on the stock in a research report on Friday, June 27th. Oppenheimer dropped their price objective on Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Pivotal Research raised their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $262.45.

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.