O Dell Group LLC Increases Stock Holdings in Amazon.com, Inc. $AMZN

O Dell Group LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 16.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,560 shares of the e-commerce giant’s stock after purchasing an additional 2,425 shares during the period. Amazon.com accounts for about 0.8% of O Dell Group LLC’s holdings, making the stock its 19th biggest holding. O Dell Group LLC’s holdings in Amazon.com were worth $3,856,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMZN. Cooksen Wealth LLC raised its holdings in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares during the period. PayPay Securities Corp boosted its stake in Amazon.com by 62.3% during the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after buying an additional 96 shares during the period. Access Investment Management LLC acquired a new stake in shares of Amazon.com during the second quarter valued at about $74,000. Sagard Holdings Management Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $79,000. Finally, MJT & Associates Financial Advisory Group Inc. raised its stake in shares of Amazon.com by 17.1% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 363 shares of the e-commerce giant’s stock valued at $80,000 after acquiring an additional 53 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMZN. DA Davidson lifted their target price on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Rosenblatt Securities restated a “buy” rating and set a $305.00 price target on shares of Amazon.com in a research report on Thursday, December 4th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a report on Monday, January 5th. KeyCorp reissued an “overweight” rating and set a $308.00 target price (up previously from $303.00) on shares of Amazon.com in a research note on Wednesday. Finally, Scotiabank lifted their target price on Amazon.com from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $295.91.

Read Our Latest Research Report on Amazon.com

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 4,784 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $232.71, for a total value of $1,113,284.64. Following the completion of the transaction, the chief executive officer owned 498,182 shares in the company, valued at approximately $115,931,933.22. This represents a 0.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 900 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director directly owned 7,170 shares in the company, valued at $1,670,610. This trade represents a 11.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 49,561 shares of company stock valued at $10,989,862 over the last three months. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Down 1.0%

Amazon.com stock opened at $239.30 on Friday. The stock has a market cap of $2.56 trillion, a PE ratio of 33.80, a P/E/G ratio of 1.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The stock’s fifty day moving average is $233.50 and its two-hundred day moving average is $229.64. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the business posted $1.43 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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