Oak Wealth Advisors LLC Sells 285 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Oak Wealth Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,272 shares of the e-commerce giant’s stock after selling 285 shares during the quarter. Oak Wealth Advisors LLC’s holdings in Amazon.com were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Western Wealth Management LLC increased its holdings in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. purchased a new stake in Amazon.com during the 4th quarter valued at $749,000. Segall Bryant & Hamill LLC raised its holdings in 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 worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Bearing Point Capital LLC bought a new position in shares of Amazon.com in the 4th quarter worth about $12,014,000. Finally, Evergreen Capital Management LLC increased its stake in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after acquiring an additional 1,198 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the sale, the insider directly owned 894,546,706 shares in the company, valued at $203,079,993,196.12. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. Insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. JMP Securities raised their price objective on shares of Amazon.com from $250.00 to $285.00 and gave the stock a “market outperform” rating in a report on Thursday, July 10th. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Tuesday, July 1st. Scotiabank cut their price objective on shares of 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 upped their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $250.35.

Amazon.com Stock Up 1.0%

AMZN opened at $226.13 on Friday. The business’s fifty day moving average is $213.50 and its two-hundred day moving average is $208.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

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

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.