Opes Wealth Management LLC Has $924,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Opes Wealth Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 32.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,079 shares of the e-commerce giant’s stock after buying an additional 1,490 shares during the quarter. Opes Wealth Management LLC’s holdings in Amazon.com were worth $924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highview Capital Management LLC DE lifted its position in shares of Amazon.com by 34.3% during the 3rd quarter. Highview Capital Management LLC DE now owns 22,668 shares of the e-commerce giant’s stock valued at $2,882,000 after acquiring an additional 5,793 shares during the period. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Amazon.com by 43.7% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 1,086 shares of the e-commerce giant’s stock valued at $138,000 after acquiring an additional 330 shares during the period. Outfitter Financial LLC lifted its position in shares of Amazon.com by 0.4% during the 3rd quarter. Outfitter Financial LLC now owns 19,625 shares of the e-commerce giant’s stock valued at $2,495,000 after acquiring an additional 80 shares during the period. Lantz Financial LLC lifted its position in shares of Amazon.com by 1.4% during the 3rd quarter. Lantz Financial LLC now owns 27,586 shares of the e-commerce giant’s stock valued at $3,507,000 after acquiring an additional 369 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of Amazon.com by 22.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 4,426 shares of the e-commerce giant’s stock valued at $563,000 after acquiring an additional 815 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Royal Bank of Canada upped their target price on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Citigroup upped their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. JMP Securities restated a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Moffett Nathanson reiterated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. One investment 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $211.62.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction 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 transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold 20,187,979 shares of company stock worth $3,440,575,337 in the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $189.50 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a fifty-two week low of $108.05 and a fifty-two week high of $191.70. The firm has a market capitalization of $1.97 trillion, a PE ratio of 53.08, a PEG ratio of 1.35 and a beta of 1.15. The stock’s fifty day moving average is $179.90 and its 200 day moving average is $161.81.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

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.