Great Oak Capital Partners LLC Sells 264 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Great Oak Capital Partners LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,330 shares of the e-commerce giant’s stock after selling 264 shares during the period. Amazon.com accounts for approximately 0.3% of Great Oak Capital Partners LLC’s holdings, making the stock its 22nd largest position. Great Oak Capital Partners LLC’s holdings in Amazon.com were worth $601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Strid Group LLC bought a new stake in Amazon.com during the fourth quarter worth $43,000. Harbor Investment Advisory LLC lifted its stake in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 2.3 %

NASDAQ AMZN opened at $193.25 on Friday. The firm has a market capitalization of $2.01 trillion, a PE ratio of 54.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The business’s 50-day moving average price is $183.87 and its two-hundred day moving average price is $173.11. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock valued at $11,894,344 over the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 15th. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Wells Fargo & Company raised their price target on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Roth Mkm reiterated a “buy” rating and issued a $210.00 price target (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average price target of $215.86.

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.