O Connor Financial Group LLC Has $575,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

O Connor Financial Group LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,619 shares of the e-commerce giant’s stock after buying an additional 83 shares during the quarter. O Connor Financial Group LLC’s holdings in Amazon.com were worth $575,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMZN. Helios Capital Management PTE. Ltd. boosted its holdings in Amazon.com by 15.1% during the second quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock worth $7,827,000 after purchasing an additional 5,300 shares during the last quarter. Avion Wealth boosted its holdings in Amazon.com by 22.2% during the second quarter. Avion Wealth now owns 5,544 shares of the e-commerce giant’s stock worth $1,071,000 after purchasing an additional 1,007 shares during the last quarter. Durante & Waters LLC boosted its holdings in Amazon.com by 2.6% during the second quarter. Durante & Waters LLC now owns 7,051 shares of the e-commerce giant’s stock worth $1,363,000 after purchasing an additional 180 shares during the last quarter. 1900 Wealth Management LLC boosted its holdings in Amazon.com by 0.5% during the second quarter. 1900 Wealth Management LLC now owns 21,982 shares of the e-commerce giant’s stock worth $4,248,000 after purchasing an additional 101 shares during the last quarter. Finally, Ballast Advisors LLC boosted its holdings in Amazon.com by 1.0% during the second quarter. Ballast Advisors LLC now owns 20,681 shares of the e-commerce giant’s stock worth $3,997,000 after purchasing an additional 197 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Bank of America lifted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital lifted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Finally, Scotiabank lifted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.65.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $225.94 on Friday. The company’s fifty day moving average price is $217.91 and its 200-day moving average price is $196.30. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a one year low of $151.61 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal 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.