Heritage Oak Wealth Advisors LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Heritage Oak Wealth Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 256.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,842 shares of the e-commerce giant’s stock after purchasing an additional 14,997 shares during the quarter. Amazon.com comprises about 1.8% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its 14th biggest holding. Heritage Oak Wealth Advisors LLC’s holdings in Amazon.com were worth $3,883,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Capital Research Global Investors boosted its stake in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Legal & General Group Plc boosted its stake in Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the period. Bank of New York Mellon Corp boosted its stake in Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after buying an additional 289,532 shares during the period. Finally, Capital International Investors boosted its stake in Amazon.com by 7.4% during the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock worth $7,642,732,000 after buying an additional 2,932,192 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Evercore ISI increased their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Maxim Group increased their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC increased their target price on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. JMP Securities increased their target price on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $207.89 on Friday. The firm’s fifty day moving average price is $194.78 and its 200 day moving average price is $186.94. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the firm posted $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.