Omnia Family Wealth LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Omnia Family Wealth LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 16.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 17,118 shares of the e-commerce giant’s stock after buying an additional 2,356 shares during the quarter. Amazon.com comprises approximately 1.4% of Omnia Family Wealth LLC’s portfolio, making the stock its 15th biggest position. Omnia Family Wealth LLC’s holdings in Amazon.com were worth $3,257,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. New World Advisors LLC increased its position in shares of Amazon.com by 18.5% during the 1st quarter. New World Advisors LLC now owns 18,016 shares of the e-commerce giant’s stock valued at $3,428,000 after purchasing an additional 2,819 shares during the last quarter. Tyche Wealth Partners LLC raised its stake in shares of Amazon.com by 4.6% in the first quarter. Tyche Wealth Partners LLC now owns 55,666 shares of the e-commerce giant’s stock worth $10,591,000 after purchasing an additional 2,452 shares during the last quarter. Generate Investment Management Ltd raised its position in Amazon.com by 101.2% during the first quarter. Generate Investment Management Ltd now owns 582,747 shares of the e-commerce giant’s stock valued at $110,873,000 after acquiring an additional 293,103 shares in the last quarter. Live Oak Investment Partners grew its holdings in Amazon.com by 1.3% in the first quarter. Live Oak Investment Partners now owns 11,770 shares of the e-commerce giant’s stock valued at $2,239,000 after purchasing an additional 147 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Amazon.com in the first quarter worth approximately $2,166,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Scotiabank decreased their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Wells Fargo & Company lifted their target price on Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Stifel Nicolaus lowered their target price on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price on the stock in a report on Friday, June 27th. Three 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. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $250.35.

Amazon.com Stock Performance

AMZN opened at $223.88 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a 50 day simple moving average of $212.84 and a two-hundred day simple moving average of $208.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market cap of $2.38 trillion, a P/E ratio of 36.46, a PEG ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Amazon.com’s revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 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 $4,211,799.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. Company insiders own 9.70% of the company’s stock.

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.