Omega Financial Group LLC Purchases 4,954 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 3rd, 2023

Omega Financial Group LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 55.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,957 shares of the e-commerce giant’s stock after buying an additional 4,954 shares during the period. Omega Financial Group LLC’s holdings in Amazon.com were worth $1,042,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC increased its position in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd increased its position in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. increased its position in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp grew its position in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC grew its position in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Amazon.com Trading Up 1.2 %

NASDAQ AMZN opened at $124.25 on Friday. The company has a market cap of $1.27 trillion, a price-to-earnings ratio of 295.83, a P/E/G ratio of 4.19 and a beta of 1.25. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The business has a 50 day moving average price of $107.92 and a 200-day moving average price of $98.83. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. Amazon.com’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $102.25, for a total value of $409,000.00. Following the completion of the transaction, the chief executive officer now directly owns 556,298 shares in the company, valued at approximately $56,881,470.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,144 shares of company stock worth $8,030,687. 12.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America lifted their target price on Amazon.com from $135.00 to $139.00 in a research report on Friday, April 28th. Wells Fargo & Company decreased their target price on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Rosenblatt Securities lifted their target price on Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Wolfe Research lifted their price target on Amazon.com from $130.00 to $140.00 in a research note on Friday, April 28th. Finally, Barclays cut their price target on Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.52.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.