OPTIMAS CAPITAL Ltd Invests $5.55 Million in Amazon.com, Inc. (NASDAQ:AMZN)

OPTIMAS CAPITAL Ltd purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 36,500 shares of the e-commerce giant’s stock, valued at approximately $5,546,000. Amazon.com makes up about 5.2% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 4th biggest holding.

A number of other large investors also recently modified their holdings of the business. Bridgefront Capital LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $228,000. Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new position in shares of Amazon.com during the first quarter valued at $258,000. My Personal CFO LLC acquired a new position in shares of Amazon.com during the first quarter valued at $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of Amazon.com during the first quarter valued at $191,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMZN shares. Canaccord Genuity Group upped their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Mizuho upped their price target on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird upped their price target on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Barclays increased their target price on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Roth Mkm increased their target price on Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $201.43.

Amazon.com Stock Down 1.3 %

AMZN stock opened at $183.62 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $176.60 and a two-hundred day moving average price of $155.79. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.32, a P/E/G ratio of 1.62 and a beta of 1.17. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 over the last three months. Insiders own 12.70% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.