Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Boosted by Overbrook Management Corp

Overbrook Management Corp lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,756 shares of the e-commerce giant’s stock after acquiring an additional 631 shares during the period. Amazon.com accounts for 6.6% of Overbrook Management Corp’s holdings, making the stock its 3rd largest position. Overbrook Management Corp’s holdings in Amazon.com were worth $30,442,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AMZN. Icon Wealth Advisors LLC raised its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com during the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the 3rd quarter valued at about $45,000. Values First Advisors Inc. purchased a new position in Amazon.com in the 3rd quarter worth approximately $56,000. Finally, IFS Advisors LLC boosted its holdings in shares of Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $236.17 on Thursday. The stock’s 50-day moving average is $225.24 and its two-hundred day moving average is $199.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market cap of $2.48 trillion, a price-to-earnings ratio of 50.57, a PEG ratio of 1.35 and a beta of 1.15.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMZN shares. Moffett Nathanson increased their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler raised their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Scotiabank upped their price objective on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Sanford C. Bernstein increased their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, Maxim Group lifted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research 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 stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.56.

Insider Activity at Amazon.com

In related news, 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 completion of the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,022,574 shares of company stock valued at $1,251,456,628 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Company 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.