Obermeyer Wood Investment Counsel Lllp Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Obermeyer Wood Investment Counsel Lllp grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,317 shares of the e-commerce giant’s stock after purchasing an additional 3,840 shares during the quarter. Amazon.com makes up about 2.9% of Obermeyer Wood Investment Counsel Lllp’s portfolio, making the stock its 12th biggest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in Amazon.com were worth $35,405,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bridgefront Capital LLC acquired a new stake in Amazon.com in the 1st quarter valued at $228,000. Krane Funds Advisors LLC grew its stake in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC acquired a new stake in Amazon.com during the 1st quarter worth $258,000. My Personal CFO LLC acquired a new stake in Amazon.com during the 1st quarter worth $261,000. Finally, Worth Asset Management LLC acquired a new stake in Amazon.com during the 1st quarter worth $191,000. 57.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. Truist Financial lowered their target price on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Wedbush lowered their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Rosenblatt Securities lifted their target price on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. StockNews.com initiated coverage on shares of Amazon.com in a research note on Thursday. They set a “hold” rating on the stock. Finally, DA Davidson boosted their price target on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.72.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock valued at $6,994,626 over the last three months. 12.70% of the stock is owned by corporate insiders.

Amazon.com Stock Up 4.0 %

AMZN stock opened at $100.04 on Friday. The company’s 50 day moving average price is $96.75 and its 200 day moving average price is $101.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of -373.27, a PEG ratio of 3.81 and a beta of 1.25. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.39 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Amazon.com Company 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.