Okabena Investment Services Inc. Has $1.27 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Okabena Investment Services Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 90.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,824 shares of the e-commerce giant’s stock after buying an additional 3,238 shares during the quarter. Okabena Investment Services Inc.’s holdings in Amazon.com were worth $1,272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Solitude Financial Services grew its stake in shares of Amazon.com by 56.8% in the second quarter. Solitude Financial Services now owns 2,762 shares of the e-commerce giant’s stock valued at $534,000 after acquiring an additional 1,000 shares in the last quarter. MBL Wealth LLC boosted its holdings in Amazon.com by 6.3% in the 2nd quarter. MBL Wealth LLC now owns 22,515 shares of the e-commerce giant’s stock valued at $4,351,000 after purchasing an additional 1,337 shares during the period. Hedeker Wealth LLC boosted its holdings in Amazon.com by 0.7% in the 2nd quarter. Hedeker Wealth LLC now owns 71,230 shares of the e-commerce giant’s stock valued at $13,765,000 after purchasing an additional 489 shares during the period. Signet Investment Advisory Group Inc. grew its position in shares of Amazon.com by 0.6% during the 2nd quarter. Signet Investment Advisory Group Inc. now owns 14,521 shares of the e-commerce giant’s stock worth $2,806,000 after purchasing an additional 85 shares in the last quarter. Finally, Marshall Financial Group LLC increased its holdings in shares of Amazon.com by 1.8% during the second quarter. Marshall Financial Group LLC now owns 7,098 shares of the e-commerce giant’s stock worth $1,372,000 after purchasing an additional 125 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $224.19 on Friday. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock’s 50 day moving average price is $212.34 and its two-hundred day moving average price is $193.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the company posted $0.85 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The shares were 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 owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reissued an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a research report on Wednesday, November 20th. Maxim Group increased their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Susquehanna boosted their price target on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Redburn Atlantic upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Tigress Financial lifted their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two equities research 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’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $243.44.

About Amazon.com

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.