Live Oak Investment Partners Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Jun 15th, 2023

Live Oak Investment Partners bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,995 shares of the e-commerce giant’s stock, valued at approximately $420,000.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. State Street Corp increased its holdings in Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC increased its position in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Amazon.com by 120,235.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after acquiring an additional 116,383,502 shares during the period. Finally, Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter worth $8,263,591,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Wedbush upped their price objective on Amazon.com from $125.00 to $129.00 in a research report on Friday, April 28th. Piper Sandler upped their price objective on Amazon.com from $130.00 to $150.00 in a research report on Wednesday, June 7th. Moffett Nathanson cut their price objective on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research report on Monday, April 24th. Piper Jaffray Companies increased their target price on Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, June 7th. Finally, StockNews.com initiated coverage on Amazon.com in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.28.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the completion of the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $102.25, for a total value of $409,000.00. Following the completion of the sale, the chief executive officer now directly owns 556,298 shares of the company’s stock, valued at approximately $56,881,470.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the completion of the transaction, the chief executive officer now owns 152,780 shares in the company, valued at approximately $19,291,530.60. The disclosure for this sale can be found here. In the last three months, insiders sold 75,644 shares of company stock valued at $8,576,262. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 0.2 %

Shares of AMZN opened at $126.42 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $111.77 and a 200-day simple moving average of $100.56. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The stock has a market cap of $1.30 trillion, a price-to-earnings ratio of 301.00, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same period last year, the company posted $0.21 EPS. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 1.56 EPS for the current fiscal year.

About Amazon.com

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.