O Connor Financial Group LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 15.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,258 shares of the e-commerce giant’s stock after purchasing an additional 303 shares during the quarter. O Connor Financial Group LLC’s holdings in Amazon.com were worth $294,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com during the fourth quarter worth about $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the first quarter worth about $38,000. Ruedi Wealth Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $40,000. Finally, Atlantic Private Wealth LLC acquired a new stake in Amazon.com during the first quarter worth about $43,000. 57.96% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have commented on AMZN shares. Rosenblatt Securities upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and raised their price target for the stock from $111.00 to $184.00 in a research note on Friday, August 4th. Canaccord Genuity Group lifted their price objective on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. CICC Research began coverage on Amazon.com in a report on Sunday, July 9th. They set an “outperform” rating on the stock. Loop Capital lifted their price objective on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Barclays lifted their price objective on Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $161.30.
Amazon.com Price Performance
AMZN opened at $127.12 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. The company has a fifty day simple moving average of $134.87 and a 200 day simple moving average of $121.68. The stock has a market cap of $1.31 trillion, a P/E ratio of 100.10, a P/E/G ratio of 1.67 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The business had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. On average, research analysts expect that Amazon.com, Inc. will post 2.23 EPS for the current year.
Insider Activity at Amazon.com
In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total value of $69,240.00. Following the transaction, the chief executive officer now owns 106,520 shares of the company’s stock, valued at approximately $14,750,889.60. The disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock worth $55,223,448 in the last quarter. Corporate insiders own 12.30% of the company’s stock.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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