OFI Invest Asset Management Purchases 18,444 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

OFI Invest Asset Management grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 736,623 shares of the e-commerce giant’s stock after purchasing an additional 18,444 shares during the quarter. Amazon.com makes up 3.3% of OFI Invest Asset Management’s investment portfolio, making the stock its 5th largest position. OFI Invest Asset Management’s holdings in Amazon.com were worth $123,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Privium Fund Management UK Ltd raised its holdings in shares of Amazon.com by 26.6% in the 1st quarter. Privium Fund Management UK Ltd now owns 33,425 shares of the e-commerce giant’s stock valued at $6,040,000 after purchasing an additional 7,020 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its holdings in shares of Amazon.com by 3.9% in the 1st quarter. Townsend Asset Management Corp NC ADV now owns 54,030 shares of the e-commerce giant’s stock valued at $9,746,000 after purchasing an additional 2,048 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Amazon.com by 1.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,232,533 shares of the e-commerce giant’s stock valued at $943,844,000 after purchasing an additional 69,307 shares in the last quarter. Mcdaniel Terry & Co. raised its holdings in shares of Amazon.com by 0.7% in the 1st quarter. Mcdaniel Terry & Co. now owns 117,954 shares of the e-commerce giant’s stock valued at $21,277,000 after purchasing an additional 800 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH raised its stake in Amazon.com by 1.8% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 25,401 shares of the e-commerce giant’s stock worth $4,582,000 after acquiring an additional 447 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.3 %

AMZN stock opened at $194.49 on Monday. The company’s 50 day simple moving average is $187.63 and its 200-day simple moving average is $176.49. The firm has a market capitalization of $2.02 trillion, a PE ratio of 54.48, a P/E/G ratio of 1.39 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Telsey Advisory Group boosted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Tigress Financial boosted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. TD Securities boosted their price target on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. One research analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $217.38.

Insider Activity

In other news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold 6,113,490 shares of company stock worth $1,222,340,738 over the last ninety days. 10.80% of the stock is currently owned by 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.