OneAscent Family Office LLC Grows Stock Holdings in Amazon.com, Inc. $AMZN

OneAscent Family Office LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 306.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,542 shares of the e-commerce giant’s stock after purchasing an additional 9,455 shares during the period. Amazon.com accounts for about 2.2% of OneAscent Family Office LLC’s holdings, making the stock its 8th biggest position. OneAscent Family Office LLC’s holdings in Amazon.com were worth $2,398,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Talisman Wealth Advisors LLC lifted its stake in Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $1,020,000 after buying an additional 53 shares during the last quarter. SWAN Capital LLC lifted its stake in Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after buying an additional 55 shares during the last quarter. Lokken Investment Group LLC lifted its stake in Amazon.com by 1.5% in the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock valued at $848,000 after buying an additional 56 shares during the last quarter. CWC Advisors LLC. raised its stake in shares of Amazon.com by 3.1% during the fourth quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant’s stock worth $411,000 after purchasing an additional 56 shares during the last quarter. Finally, JBGlobal.com LLC raised its stake in shares of Amazon.com by 2.1% during the first quarter. JBGlobal.com LLC now owns 2,669 shares of the e-commerce giant’s stock worth $508,000 after purchasing an additional 56 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

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

Amazon.com Stock Performance

Amazon.com stock opened at $231.03 on Monday. The stock’s 50-day moving average is $221.41 and its 200-day moving average is $208.26. The company 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. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. Equities analysts anticipate 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 commented on AMZN. Morgan Stanley restated an “overweight” rating and set a $300.00 price target on shares of Amazon.com in a research note on Thursday. Telsey Advisory Group restated an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. Canaccord Genuity Group restated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Jefferies Financial Group increased their price objective on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Finally, Bank of America increased their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $262.87.

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.