Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by SkyOak Wealth LLC

SkyOak Wealth LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the fourth quarter, HoldingsChannel reports. The fund owned 33,377 shares of the e-commerce giant’s stock after buying an additional 1,292 shares during the period. Amazon.com comprises 1.6% of SkyOak Wealth LLC’s holdings, making the stock its 15th biggest position. SkyOak Wealth LLC’s holdings in Amazon.com were worth $7,323,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMZN. Rench Wealth Management Inc. raised its position in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares during the period. Foundations Investment Advisors LLC raised its position in Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC raised its position in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares during the period. Umpqua Bank raised its position in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares during the period. Finally, One Wealth Capital Management LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $4,270,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 524,567 shares in the company, 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 have sold 40,852 shares of company stock worth $9,324,151 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Monness Crespi & Hardt boosted their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Raymond James boosted their target price on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Wedbush reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Susquehanna upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Trading Down 1.8 %

Shares of Amazon.com stock opened at $212.71 on Tuesday. The company has a 50-day moving average of $227.48 and a two-hundred day moving average of $204.88. The stock has a market cap of $2.25 trillion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

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