Omnia Family Wealth LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Omnia Family Wealth LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,154 shares of the e-commerce giant’s stock after buying an additional 887 shares during the period. Amazon.com accounts for about 1.1% of Omnia Family Wealth LLC’s holdings, making the stock its 17th biggest holding. Omnia Family Wealth LLC’s holdings in Amazon.com were worth $2,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP purchased a new position in shares of Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth about $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com in the 3rd quarter valued at about $56,000. Finally, Christopher J. Hasenberg Inc lifted its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research note on Tuesday, December 10th. Morgan Stanley upped their price target on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Monness Crespi & Hardt lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Redburn Atlantic boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Telsey Advisory Group raised their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 1.8 %

Shares of AMZN opened at $229.05 on Thursday. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. 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 50 day simple moving average of $207.40 and a two-hundred day simple moving average of $192.05. The company has a market cap of $2.41 trillion, a P/E ratio of 49.05, a P/E/G ratio of 1.54 and a beta of 1.16.

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. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.