Optimist Retirement Group LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Optimist Retirement Group LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 47,990 shares of the e-commerce giant’s stock, valued at approximately $8,942,000. Amazon.com accounts for approximately 4.0% of Optimist Retirement Group LLC’s holdings, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC raised its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares in the last quarter. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the third quarter worth $45,000. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter valued at $56,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Jefferies Financial Group upped their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Tuesday, December 10th. Telsey Advisory Group increased their price target on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Bank of America lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Trading Down 1.2 %

AMZN opened at $220.66 on Friday. The firm’s fifty day moving average is $217.35 and its two-hundred day moving average is $195.93. The firm has a market cap of $2.32 trillion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $149.91 and a twelve month 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.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 5.38 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. 10.80% of the stock is currently owned by corporate 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.