Optas LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Optas LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,645 shares of the e-commerce giant’s stock after buying an additional 2,280 shares during the period. Amazon.com accounts for about 1.9% of Optas LLC’s holdings, making the stock its 13th largest holding. Optas LLC’s holdings in Amazon.com were worth $8,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. GDS Wealth Management boosted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. GDS Wealth Management now owns 121,496 shares of the e-commerce giant’s stock valued at $26,655,000 after buying an additional 2,818 shares in the last quarter. Rheos Capital Works Inc. increased its position in shares of Amazon.com by 5.6% during the fourth quarter. Rheos Capital Works Inc. now owns 283,800 shares of the e-commerce giant’s stock worth $62,263,000 after purchasing an additional 15,000 shares in the last quarter. Holistic Planning LLC lifted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. Holistic Planning LLC now owns 16,046 shares of the e-commerce giant’s stock valued at $3,520,000 after purchasing an additional 377 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Amazon.com by 276.6% in the 4th quarter. Boston Trust Walden Corp now owns 112,566 shares of the e-commerce giant’s stock valued at $24,696,000 after purchasing an additional 82,679 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $372,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,149 shares of company stock valued at $24,606,905 over the last quarter. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AMZN. Redburn Atlantic boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Roth Mkm raised their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Truist Financial upped their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $214.35 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $2.27 trillion, a PE ratio of 38.76, a P/E/G ratio of 1.50 and a beta of 1.15. The firm has a 50 day simple moving average of $226.99 and a 200-day simple moving average of $205.27. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.