Oakwell Private Wealth Management LLC Purchases 2,706 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Oakwell Private Wealth Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2,081.5% in the 2nd quarter, Holdings Channel reports. The firm owned 2,836 shares of the e-commerce giant’s stock after buying an additional 2,706 shares during the quarter. Oakwell Private Wealth Management LLC’s holdings in Amazon.com were worth $301,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in shares of Amazon.com by 1,764.2% during the 2nd quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock worth $5,113,256,000 after acquiring an additional 45,560,351 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock worth $110,725,825,000 after acquiring an additional 543,744 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Amazon.com by 1,923.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock worth $2,947,054,000 after acquiring an additional 26,375,927 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Amazon.com by 1,969.8% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 12,249,826 shares of the e-commerce giant’s stock worth $1,301,054,000 after acquiring an additional 11,657,996 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Amazon.com by 1,895.2% during the 2nd quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock worth $1,099,172,000 after acquiring an additional 9,830,359 shares during the last quarter. 57.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMZN shares. JMP Securities dropped their price objective on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Raymond James lowered their price target on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Credit Suisse Group lowered their price target on shares of Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Wells Fargo & Company lowered their price target on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Amazon.com from $175.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

Insider Transactions at Amazon.com

In other news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the transaction, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the transaction, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the transaction, the chief executive officer now owns 114,660 shares in the company, valued at approximately $13,141,182.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 303,988 shares of company stock worth $11,164,283. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 1.0 %

Shares of NASDAQ AMZN opened at $94.13 on Thursday. The firm’s 50 day moving average price is $109.13 and its 200-day moving average price is $116.76. The company has a market cap of $960.28 billion, a PE ratio of 86.40, a P/E/G ratio of 6.18 and a beta of 1.23. Amazon.com, Inc. has a 52-week low of $85.87 and a 52-week high of $181.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Amazon.com Company Profile

(Get Rating)

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

Further Reading

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.