Amazon.com, Inc. (NASDAQ:AMZN) is OVERSEA CHINESE BANKING Corp Ltd’s 4th Largest Position

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 15.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 551,309 shares of the e-commerce giant’s stock after acquiring an additional 72,463 shares during the quarter. Amazon.com accounts for about 3.2% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 4th biggest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Amazon.com were worth $69,990,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Mayflower Financial Advisors LLC lifted its holdings in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp lifted its holdings in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. Laurel Wealth Planning LLC lifted its holdings in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Amazon.com in the 4th quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $174.45 on Friday. Amazon.com, Inc. has a one year low of $88.12 and a one year high of $175.00. The company has a market cap of $1.81 trillion, a PE ratio of 60.16, a P/E/G ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The business has a 50-day simple moving average of $154.41 and a 200-day simple moving average of $142.20.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $142.66, for a total value of $3,128,961.78. Following the completion of the sale, the chief executive officer now owns 2,064,055 shares in the company, valued at $294,458,086.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold a total of 6,080,878 shares of company stock worth $1,033,083,657 over the last 90 days. 12.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on AMZN. TheStreet upgraded Amazon.com from a “c+” rating to a “b-” rating in a report on Friday, October 27th. Canaccord Genuity Group raised their price objective on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barclays raised their price objective on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Rosenblatt Securities lifted their price target on Amazon.com from $184.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, JMP Securities lifted their price target on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $197.95.

Check Out Our Latest Report on AMZN

Amazon.com Company Profile

(Free Report)

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

Further Reading

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

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