Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Oak Family Advisors LLC

Oak Family Advisors LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 196.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,774 shares of the e-commerce giant’s stock after purchasing an additional 9,130 shares during the period. Oak Family Advisors LLC’s holdings in Amazon.com were worth $2,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PayPay Securities Corp raised its holdings in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Harbor Investment Advisory LLC grew its holdings in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Amazon.com in the third quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $57,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Royal Bank of Canada raised their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group raised their price target on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI raised their target price on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Monness Crespi & Hardt lifted their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $211.07.

Amazon.com Price Performance

AMZN opened at $186.21 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. The company’s 50 day simple moving average is $179.02 and its 200-day simple moving average is $160.32. Amazon.com, Inc. has a one year low of $103.31 and a one year high of $189.77. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock worth $5,506,442,301 over the last three months. 10.80% of the stock is currently owned by company insiders.

About Amazon.com

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.