Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by OneAscent Financial Services LLC

OneAscent Financial Services LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 59.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,935 shares of the e-commerce giant’s stock after buying an additional 10,427 shares during the quarter. OneAscent Financial Services LLC’s holdings in Amazon.com were worth $6,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rench Wealth Management Inc. lifted its stake in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com in the 4th quarter worth about $749,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after buying an additional 2,196,353 shares during the last quarter. Finally, Blankinship & Foster LLC lifted its holdings in shares of Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.1 %

Amazon.com stock opened at $189.98 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company’s fifty day simple moving average is $190.48 and its 200-day simple moving average is $207.77. The stock has a market cap of $2.02 trillion, a P/E ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, UBS Group decreased their target price on Amazon.com from $272.00 to $253.00 and set a “buy” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.55.

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.