47,990 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Optimist Retirement Group LLC

Optimist Retirement Group LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 47,990 shares of the e-commerce giant’s stock, valued at approximately $8,942,000. Amazon.com accounts for 4.0% of Optimist Retirement Group LLC’s investment portfolio, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Semus Wealth Partners LLC lifted its position in shares of Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after acquiring an additional 49 shares in the last quarter. Bell Investment Advisors Inc raised its stake in Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares during the period. O Connor Financial Group LLC lifted its holdings in shares of Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC boosted its position in shares of Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after buying an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC grew its holdings in shares of Amazon.com by 4.4% during the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock valued at $247,000 after buying an additional 56 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Redburn Atlantic increased their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Telsey Advisory Group lifted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.65.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s 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 owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $220.66 on Friday. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00. The company has a market cap of $2.32 trillion, a P/E ratio of 47.25, a P/E/G ratio of 1.22 and a beta of 1.14. The business’s 50 day moving average is $217.35 and its two-hundred day moving average is $195.93. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business 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%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 5.38 EPS for the current year.

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.