Oak Hill Wealth Advisors LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Oak Hill Wealth Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,899 shares of the e-commerce giant’s stock after purchasing an additional 1,100 shares during the quarter. Amazon.com comprises about 1.9% of Oak Hill Wealth Advisors LLC’s holdings, making the stock its 15th biggest holding. Oak Hill Wealth Advisors LLC’s holdings in Amazon.com were worth $8,352,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management purchased a new position in Amazon.com during the fourth quarter worth about $35,000. Inlight Wealth Management LLC purchased a new position in Amazon.com during the first quarter worth about $40,000. Finally, Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.0%

AMZN stock opened at $226.13 on Friday. The stock’s 50 day moving average is $213.50 and its 200-day moving average is $208.67. The firm has a market capitalization of $2.40 trillion, a PE ratio of 36.83, a P/E/G 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. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

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, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company posted $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com 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 completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Wells Fargo & Company increased their price target on shares of Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Scotiabank reduced their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Morgan Stanley increased their price target on shares of Amazon.com from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

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.