Octavia Wealth Advisors LLC Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Octavia Wealth Advisors LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,992 shares of the e-commerce giant’s stock after selling 4,369 shares during the period. Amazon.com comprises 2.6% of Octavia Wealth Advisors LLC’s portfolio, making the stock its 12th largest position. Octavia Wealth Advisors LLC’s holdings in Amazon.com were worth $21,060,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMZN. Rench Wealth Management Inc. increased its stake in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after buying an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after acquiring an additional 16,392 shares in the last quarter. Blankinship & Foster LLC increased its position in shares of Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares during the last quarter. Umpqua Bank raised its stake in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC bought a new position in shares of Amazon.com during the fourth quarter worth about $4,270,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wedbush restated an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday. Redburn Atlantic upped their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company dropped their target price on shares of Amazon.com from $212.00 to $207.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Barclays lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.20.

Amazon.com Price Performance

NASDAQ AMZN opened at $229.15 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business’s fifty day moving average is $226.51 and its two-hundred day moving average is $200.30. The stock has a market capitalization of $2.41 trillion, a P/E ratio of 49.07, a P/E/G ratio of 1.35 and a beta of 1.15. 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 (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. On average, research analysts forecast that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s 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 sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,026,212 shares of company stock valued at $625,666,424. 10.80% of the stock is currently owned by corporate insiders.

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.