O Connor Financial Group LLC Has $544,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

O Connor Financial Group LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,857 shares of the e-commerce giant’s stock after acquiring an additional 238 shares during the period. O Connor Financial Group LLC’s holdings in Amazon.com were worth $544,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. GoalVest Advisory LLC lifted its position in Amazon.com by 3.5% during the first quarter. GoalVest Advisory LLC now owns 14,026 shares of the e-commerce giant’s stock worth $2,669,000 after acquiring an additional 471 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of Amazon.com by 5.7% in the first quarter. AdvisorNet Financial Inc now owns 39,154 shares of the e-commerce giant’s stock valued at $7,449,000 after buying an additional 2,119 shares during the period. Sage Capital Advisors llc boosted its stake in shares of Amazon.com by 3.3% in the first quarter. Sage Capital Advisors llc now owns 73,849 shares of the e-commerce giant’s stock valued at $14,051,000 after buying an additional 2,386 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in shares of Amazon.com by 1.1% in the first quarter. Moody National Bank Trust Division now owns 103,818 shares of the e-commerce giant’s stock valued at $19,752,000 after buying an additional 1,100 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Tigress Financial boosted their price target on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Cantor Fitzgerald boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Benchmark reiterated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $212.00 price target (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Stock Performance

Shares of AMZN opened at $217.61 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.31 trillion, a P/E ratio of 39.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The firm’s fifty day simple moving average is $193.04 and its two-hundred day simple moving average is $209.02. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares of the company’s stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by 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.