Onyx Bridge Wealth Group LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Onyx Bridge Wealth Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,050 shares of the e-commerce giant’s stock after buying an additional 850 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Amazon.com were worth $5,227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. PayPay Securities Corp lifted its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP purchased a new stake in Amazon.com in the third quarter worth $37,000. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com during the first quarter valued at $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at $77,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 4.2 %

NASDAQ:AMZN opened at $202.61 on Monday. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $215.90. The business has a fifty day moving average price of $191.16 and a 200-day moving average price of $185.81. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AMZN shares. Wedbush increased their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Maxim Group upped their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $235.45.

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.