QV Investors Inc. Sells 790 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

QV Investors Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 89,770 shares of the e-commerce giant’s stock after selling 790 shares during the quarter. Amazon.com makes up approximately 1.4% of QV Investors Inc.’s investment portfolio, making the stock its 25th largest holding. QV Investors Inc.’s holdings in Amazon.com were worth $16,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Donaldson Capital Management LLC increased its holdings in Amazon.com by 3.3% during the 1st quarter. Donaldson Capital Management LLC now owns 63,095 shares of the e-commerce giant’s stock worth $11,381,000 after acquiring an additional 2,023 shares during the period. Zeno Equity Partners LLP increased its holdings in Amazon.com by 55.2% during the 1st quarter. Zeno Equity Partners LLP now owns 147,302 shares of the e-commerce giant’s stock worth $26,570,000 after acquiring an additional 52,380 shares during the period. Accordant Advisory Group Inc bought a new stake in Amazon.com during the 1st quarter worth approximately $233,000. Lakewood Asset Management LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $207,000. Finally, Westbourne Investment Advisors Inc. increased its holdings in Amazon.com by 3.0% during the 1st quarter. Westbourne Investment Advisors Inc. now owns 27,595 shares of the e-commerce giant’s stock worth $4,978,000 after acquiring an additional 805 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 3.4 %

Amazon.com stock traded up $5.95 during trading hours on Friday, hitting $179.62. The stock had a trading volume of 43,846,973 shares, compared to its average volume of 36,227,088. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 61.94, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The stock’s 50-day moving average price is $177.99 and its 200-day moving average price is $158.98.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 4.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. Bank of America upped their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Wedbush boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Evercore ISI boosted their price target on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $205.13.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com 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 completion of 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 Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the business’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 transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 over the last three months. 10.30% of the stock is currently owned by company insiders.

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.