OFI Invest Asset Management Makes New $88.58 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

OFI Invest Asset Management acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 737,781 shares of the e-commerce giant’s stock, valued at approximately $88,582,000. Amazon.com comprises approximately 3.2% of OFI Invest Asset Management’s portfolio, making the stock its 5th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kavar Capital Partners Group LLC raised its position in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp grew its holdings in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC grew its holdings in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares during the period. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,120 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $143.19, for a total value of $446,752.80. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $17,151,298.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $147.76, for a total transaction of $73,880.00. Following the transaction, the chief executive officer now owns 120,560 shares in the company, valued at approximately $17,813,945.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,120 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $143.19, for a total value of $446,752.80. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $17,151,298.20. The disclosure for this sale can be found here. Insiders sold 61,829 shares of company stock valued at $8,885,713 over the last three months. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $170.53 on Thursday. The firm’s 50-day moving average price is $153.39 and its two-hundred day moving average price is $141.60. Amazon.com, Inc. has a 1-year low of $88.12 and a 1-year high of $172.50. The stock has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 58.80, a P/E/G ratio of 1.50 and a beta of 1.14. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share 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 analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 3.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler lifted their target price on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Tigress Financial lifted their price objective on Amazon.com from $204.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Robert W. Baird lifted their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company boosted their target price on Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $197.95.

Read Our Latest Analysis on Amazon.com

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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