Five Oceans Advisors Has $3.26 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Five Oceans Advisors decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,876 shares of the e-commerce giant’s stock after selling 162 shares during the quarter. Amazon.com comprises approximately 1.5% of Five Oceans Advisors’ investment portfolio, making the stock its 14th biggest position. Five Oceans Advisors’ holdings in Amazon.com were worth $3,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Icon Wealth Advisors LLC grew its position in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares in the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com during the third quarter worth approximately $45,000. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com during the third quarter worth approximately $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,852 shares of company stock worth $9,324,151 in the last three months. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley increased their price target on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Tigress Financial upped their target price on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $212.71 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $227.48 and a two-hundred day moving average price of $204.88. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market cap of $2.25 trillion, a P/E ratio of 38.46, a PEG ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.