Amazon.com, Inc. (NASDAQ:AMZN) is Doliver Advisors LP’s 7th Largest Position

Doliver Advisors LP trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,918 shares of the e-commerce giant’s stock after selling 678 shares during the period. Amazon.com makes up 1.7% of Doliver Advisors LP’s investment portfolio, making the stock its 7th largest holding. Doliver Advisors LP’s holdings in Amazon.com were worth $5,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Perkins Coie Trust Co raised its holdings in shares of Amazon.com by 10.9% during the first quarter. Perkins Coie Trust Co now owns 38,791 shares of the e-commerce giant’s stock valued at $6,997,000 after purchasing an additional 3,814 shares during the last quarter. Global Assets Advisory LLC grew its position in Amazon.com by 30,350.2% during the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after buying an additional 6,510,119 shares during the period. Southland Equity Partners LLC grew its position in Amazon.com by 5.1% during the first quarter. Southland Equity Partners LLC now owns 12,591 shares of the e-commerce giant’s stock valued at $2,271,000 after buying an additional 610 shares during the period. Range Financial Group LLC bought a new stake in Amazon.com during the first quarter valued at approximately $422,000. Finally, Lloyd Advisory Services LLC. grew its position in Amazon.com by 513.8% during the first quarter. Lloyd Advisory Services LLC. now owns 31,278 shares of the e-commerce giant’s stock valued at $5,642,000 after buying an additional 26,182 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $197.85 on Friday. The stock’s fifty day moving average price is $183.13 and its 200-day moving average price is $172.43. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84. 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 firm has a market cap of $2.06 trillion, a P/E ratio of 55.42, a P/E/G ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMZN. Wedbush restated an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Wednesday, May 15th. Roth Mkm restated a “buy” rating and set a $210.00 target price (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer raised their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $215.74.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now owns 104,400 shares in the company, valued at $19,836,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock worth $11,894,344 over the last quarter. Insiders own 10.80% of the company’s stock.

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.