Opes Wealth Management LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Opes Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 32.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,079 shares of the e-commerce giant’s stock after acquiring an additional 1,490 shares during the quarter. Opes Wealth Management LLC’s holdings in Amazon.com were worth $924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp raised its position in shares of 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. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at approximately $43,000. Harbor Investment Advisory LLC raised its position in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMZN shares. Maxim Group cut their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Oppenheimer upped their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Loop Capital upped their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. Raymond James upped their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird upped their price target on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $211.62.

Amazon.com Stock Up 0.8 %

AMZN opened at $189.50 on Friday. Amazon.com, Inc. has a fifty-two week low of $108.05 and a fifty-two week high of $191.70. The business has a 50-day moving average of $179.90 and a 200-day moving average of $161.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $1.97 trillion, a PE ratio of 53.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 14,300 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the transaction, the chief executive officer now owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 14,300 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the completion of the sale, the chief executive officer now directly owns 499,831 shares in the company, valued at approximately $87,470,425. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,187,979 shares of company stock valued at $3,440,575,337. Insiders own 10.80% of the company’s stock.

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.