Amazon.com, Inc. $AMZN Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 131.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,738 shares of the e-commerce giant’s stock after purchasing an additional 36,803 shares during the period. Amazon.com comprises 0.8% of OneAscent Financial Services LLC’s investment portfolio, making the stock its 25th biggest position. OneAscent Financial Services LLC’s holdings in Amazon.com were worth $12,360,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC grew its holdings in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC grew its holdings in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,266,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $231.03 on Monday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The business has a 50-day simple moving average of $221.41 and a two-hundred day simple moving average of $208.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.46 trillion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMZN. Pivotal Research raised their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Benchmark reaffirmed a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley reissued an “overweight” rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $262.87.

Amazon.com Company 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.