Amazon.com, Inc. $AMZN Shares Bought by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,891 shares of the e-commerce giant’s stock after acquiring an additional 2,086 shares during the quarter. Amazon.com comprises approximately 0.9% of Opal Wealth Advisors LLC’s holdings, making the stock its 18th largest position. Opal Wealth Advisors LLC’s holdings in Amazon.com were worth $3,437,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMZN. Fairway Wealth LLC boosted its position in Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 60 shares during the period. Sellwood Investment Partners LLC acquired a new stake in shares of Amazon.com in the third quarter valued at $27,000. Bridge Generations Wealth Management LLC lifted its holdings in shares of Amazon.com by 2,330.0% in the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 233 shares during the period. Cooksen Wealth LLC lifted its holdings in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares during the period. Finally, PayPay Securities Corp lifted its holdings in shares of Amazon.com by 62.3% in the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMZN shares. Tigress Financial upped their price objective on Amazon.com from $305.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Rothschild & Co Redburn set a $230.00 price objective on Amazon.com in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Friday, April 24th. Finally, Bank of America upped their price objective on Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $310.25.

View Our Latest Stock Analysis on AMZN

Insider Activity

In related news, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $8,461,661.70. The trade was a 20.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 31,000 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $255.00, for a total value of $7,905,000.00. Following the transaction, the chief executive officer directly owned 2,207,118 shares in the company, valued at $562,815,090. The trade was a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 128,035 shares of company stock valued at $28,827,479 in the last ninety days. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Trading Up 1.3%

Shares of NASDAQ AMZN opened at $268.38 on Friday. Amazon.com, Inc. has a 12 month low of $183.85 and a 12 month high of $273.88. The company has a market cap of $2.89 trillion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 2.01 and a beta of 1.46. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $223.63 and a 200-day simple moving average of $227.40.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.59 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current year.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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