OAKMONT Corp Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

OAKMONT Corp lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 430,517 shares of the e-commerce giant’s stock after buying an additional 72,576 shares during the quarter. Amazon.com comprises approximately 18.3% of OAKMONT Corp’s investment portfolio, making the stock its 2nd largest holding. OAKMONT Corp’s holdings in Amazon.com were worth $83,197,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Collective Family Office LLC boosted its position in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after buying an additional 819 shares during the last quarter. Phillips Wealth Planners LLC lifted its stake in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after acquiring an additional 224 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Amazon.com during the 4th quarter worth $5,926,000. Concord Investment Counsel Inc. bought a new stake in shares of Amazon.com in the 1st quarter worth $20,790,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Amazon.com by 26.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after purchasing an additional 133,471 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.7 %

AMZN stock opened at $187.97 on Monday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.96 trillion, a P/E ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14. The company’s 50-day moving average price is $178.92 and its 200 day moving average price is $182.68.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, research analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMZN shares. Wedbush reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Maxim Group upped their price objective on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lowered their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. TD Securities increased their price target on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus lowered their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $222.84.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,098,297 shares of company stock valued at $1,219,443,957. 10.80% of the stock is owned by insiders.

Amazon.com Company 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.