O Dell Group LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,520 shares of the e-commerce giant’s stock after purchasing an additional 1,652 shares during the period. Amazon.com accounts for about 0.5% of O Dell Group LLC’s holdings, making the stock its 20th largest position. O Dell Group LLC’s holdings in Amazon.com were worth $1,719,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AMZN. Mayflower Financial Advisors LLC boosted its position in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares during the period. PayPay Securities Corp boosted its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the period. Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com during the fourth quarter worth $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $38,000. 57.96% of the stock is owned by institutional investors.
Insider Activity at Amazon.com
In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the sale, the chief executive officer now owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,210,510 shares of company stock valued at $5,505,209,706. 12.30% of the stock is owned by insiders.
Amazon.com Stock Down 0.8 %
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Equities analysts predict that Amazon.com, Inc. will post 4.06 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently commented on AMZN shares. Benchmark raised their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. The Goldman Sachs Group boosted their price target on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company raised their price objective on Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Piper Sandler increased their price target on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $197.95.
Read Our Latest Stock Report on AMZN
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.
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