Oak Family Advisors LLC Sells 1,395 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Oak Family Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 23,017 shares of the e-commerce giant’s stock after selling 1,395 shares during the quarter. Amazon.com accounts for about 1.8% of Oak Family Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Oak Family Advisors LLC’s holdings in Amazon.com were worth $5,050,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMZN. Accordant Advisory Group Inc grew its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC boosted its holdings in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter worth about $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $56,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.0 %

Shares of NASDAQ AMZN opened at $212.80 on Wednesday. The company’s fifty day simple moving average is $227.11 and its 200 day simple moving average is $205.20. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.26 trillion, a PE ratio of 38.48, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,149 shares of company stock valued at $24,606,905 in the last three months. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. DA Davidson upped their target price on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Maxim Group upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Rosenblatt Securities boosted their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Sanford C. Bernstein raised their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Wolfe Research lifted their price objective on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Two equities research 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, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Profile

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.