Oak Asset Management LLC Sells 350 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Oak Asset Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,780 shares of the e-commerce giant’s stock after selling 350 shares during the period. Oak Asset Management LLC’s holdings in Amazon.com were worth $2,246,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Register Financial Advisors LLC boosted its position in shares of Amazon.com by 14.3% during the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Amazon.com by 1.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after purchasing an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC boosted its position in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its position in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. boosted its position in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was 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 owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 12,133 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $171.00, for a total value of $2,074,743.00. Following the completion of the sale, the director now directly owns 115,220 shares of the company’s stock, valued at approximately $19,702,620. The disclosure for this sale can be found here. In the last three months, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN opened at $181.28 on Thursday. The stock has a 50-day moving average price of $177.09 and a 200-day moving average price of $156.36. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16.

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

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Canaccord Genuity Group upped their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets initiated coverage on Amazon.com in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday, March 27th. Oppenheimer increased their price target on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, TD Cowen raised their target price on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $202.80.

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.