OMC Financial Services LTD Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

OMC Financial Services LTD increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,576 shares of the e-commerce giant’s stock after buying an additional 1,006 shares during the quarter. Amazon.com comprises 2.1% of OMC Financial Services LTD’s portfolio, making the stock its 13th largest position. OMC Financial Services LTD’s holdings in Amazon.com were worth $4,556,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of Amazon.com by 291.8% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock worth $4,406,000 after acquiring an additional 21,595 shares during the last quarter. AJOVista LLC purchased a new position in Amazon.com in the fourth quarter valued at about $1,054,000. Charles Carroll Financial Partners LLC grew its stake in Amazon.com by 5.7% during the 4th quarter. Charles Carroll Financial Partners LLC now owns 11,990 shares of the e-commerce giant’s stock valued at $1,822,000 after purchasing an additional 650 shares in the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Amazon.com by 2.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares during the last quarter. Finally, Avalon Trust Co raised its position in shares of Amazon.com by 0.7% in the 4th quarter. Avalon Trust Co now owns 368,548 shares of the e-commerce giant’s stock valued at $55,997,000 after purchasing an additional 2,528 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.2 %

Amazon.com stock opened at $193.88 on Tuesday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 54.31, a PEG ratio of 1.39 and a beta of 1.14. The company’s 50-day moving average price is $178.57 and its two-hundred day moving average price is $182.22. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock worth $1,220,621,322 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Wells Fargo & Company decreased their price target on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Rosenblatt Securities raised their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group cut their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Sanford C. Bernstein increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Morgan Stanley lowered their price objective on Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $222.84.

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.