Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Live Oak Investment Partners

Live Oak Investment Partners boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,770 shares of the e-commerce giant’s stock after acquiring an additional 147 shares during the quarter. Amazon.com accounts for 1.8% of Live Oak Investment Partners’ investment portfolio, making the stock its 16th biggest position. Live Oak Investment Partners’ holdings in Amazon.com were worth $2,239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC lifted its position in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors lifted its holdings in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 0.3%

NASDAQ:AMZN opened at $223.88 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $212.84 and a 200-day simple moving average of $208.62. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business 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 24.14% and a net margin of 10.14%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMZN shares. Piper Sandler set a $250.00 price target on shares of Amazon.com and gave the company an “overweight” rating in a report on Friday, July 11th. Barclays lowered their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, July 10th. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price target on shares of Amazon.com from $201.00 to $238.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $250.35.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock valued at $3,210,622,570 over the last three months. 9.70% of the stock is currently owned by corporate 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.