Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Overbrook Management Corp

Overbrook Management Corp lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 138,756 shares of the e-commerce giant’s stock after acquiring an additional 631 shares during the quarter. Amazon.com comprises 6.6% of Overbrook Management Corp’s holdings, making the stock its 3rd biggest position. Overbrook Management Corp’s holdings in Amazon.com were worth $30,442,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMZN. Rench Wealth Management Inc. grew its position in Amazon.com by 7.9% during 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 period. Foundations Investment Advisors LLC grew its holdings in shares of Amazon.com by 9.7% in 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 during the period. Blankinship & Foster LLC grew its holdings 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 acquiring an additional 4,740 shares during the period. Umpqua Bank increased its stake in 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 acquired a new position in Amazon.com during the fourth quarter worth $4,270,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 2.4 %

Shares of NASDAQ AMZN opened at $236.17 on Thursday. The stock has a fifty day moving average price of $225.24 and a 200 day moving average price of $199.78. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market cap of $2.48 trillion, a P/E ratio of 50.57, a P/E/G ratio of 1.35 and a beta of 1.15.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,022,574 shares of company stock valued at $1,251,456,628 over the last quarter. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Maxim Group raised their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities restated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Thursday, January 30th. Wells Fargo & Company lifted their target price on shares of Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Finally, Moffett Nathanson lifted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $252.56.

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.