Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Opulen Financial Group LLC

Opulen Financial Group LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,604 shares of the e-commerce giant’s stock after selling 969 shares during the period. Amazon.com comprises about 4.3% of Opulen Financial Group LLC’s investment portfolio, making the stock its 4th largest holding. Opulen Financial Group LLC’s holdings in Amazon.com were worth $4,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after buying an additional 986 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE boosted its stake in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new position in Amazon.com in the 4th quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $230.98 on Friday. The stock has a market capitalization of $2.46 trillion, a PE ratio of 35.21, a P/E/G ratio of 1.51 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. The business has a fifty day moving average price of $221.06 and a two-hundred day moving average price of $208.69. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during 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%. Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 25,096,253 shares of company stock worth $5,673,745,409 in the last three months. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Westpark Capital reaffirmed a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. DA Davidson upped their price target on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Needham & Company LLC restated a “buy” rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, Barclays increased their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target 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.