Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Oak Family Advisors LLC

Oak Family Advisors LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,017 shares of the e-commerce giant’s stock after selling 1,395 shares during the period. Amazon.com accounts for approximately 1.8% of Oak Family Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Oak Family Advisors LLC’s holdings in Amazon.com were worth $5,050,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMZN. Fiera Capital Corp increased its position in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $3,243,000. Connective Capital Management LLC grew its stake in shares of Amazon.com by 16.5% in the 2nd quarter. Connective Capital Management LLC now owns 18,126 shares of the e-commerce giant’s stock valued at $3,503,000 after buying an additional 2,561 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of Amazon.com during the 2nd quarter worth approximately $54,961,000. Finally, EP Wealth Advisors LLC raised its position in shares of Amazon.com by 0.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 1,036,371 shares of the e-commerce giant’s stock valued at $200,279,000 after buying an additional 3,148 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMZN. Barclays raised their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Tigress Financial boosted their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Wedbush reaffirmed an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,149 shares of company stock worth $24,606,905. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $212.80 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market cap of $2.26 trillion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The stock has a 50-day moving average of $227.11 and a 200-day moving average of $205.20. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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 24.25% and a net margin of 9.29%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.