Live Oak Private Wealth LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 7th, 2023

Live Oak Private Wealth LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 21.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,015 shares of the e-commerce giant’s stock after purchasing an additional 2,130 shares during the period. Live Oak Private Wealth LLC’s holdings in Amazon.com were worth $1,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. McElhenny Sheffield Capital Management LLC purchased a new position in Amazon.com in the fourth quarter worth $27,000. St. James Investment Advisors LLC boosted its position in Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after purchasing an additional 170 shares during the last quarter. Retirement Financial Solutions LLC purchased a new position in Amazon.com in the fourth quarter worth $32,000. Laurel Wealth Planning LLC boosted its position in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com in the first quarter valued at $38,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $120.61, for a total transaction of $482,440.00. Following the completion of the transaction, the chief executive officer now owns 568,301 shares of the company’s stock, valued at approximately $68,542,783.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $116.69, for a total transaction of $1,960,392.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $5,717,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $120.61, for a total value of $482,440.00. Following the completion of the transaction, the chief executive officer now directly owns 568,301 shares of the company’s stock, valued at approximately $68,542,783.61. The disclosure for this sale can be found here. Insiders sold 75,144 shares of company stock valued at $8,513,127 in the last 90 days. Insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Sanford C. Bernstein boosted their target price on Amazon.com from $125.00 to $140.00 in a research note on Wednesday, May 31st. Deutsche Bank Aktiengesellschaft lowered their target price on Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. Wolfe Research boosted their price objective on Amazon.com from $130.00 to $140.00 in a research note on Friday, April 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price objective on shares of Amazon.com in a research note on Thursday, April 20th. Finally, Barclays decreased their price objective on Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $143.52.

Amazon.com Trading Up 1.0 %

Shares of AMZN stock opened at $126.61 on Wednesday. The stock has a market capitalization of $1.30 trillion, a PE ratio of 301.45, a P/E/G ratio of 2.41 and a beta of 1.26. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The business has a 50-day moving average of $109.06 and a 200 day moving average of $99.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69.

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

About Amazon.com

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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.