Oakwell Private Wealth Management LLC Has $737,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Oakwell Private Wealth Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,361 shares of the e-commerce giant’s stock after acquiring an additional 80 shares during the period. Oakwell Private Wealth Management LLC’s holdings in Amazon.com were worth $737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Magnolia Private Wealth LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $634,000. Pointe Capital Management LLC increased its stake in Amazon.com by 0.5% during the 4th quarter. Pointe Capital Management LLC now owns 11,437 shares of the e-commerce giant’s stock valued at $2,509,000 after purchasing an additional 54 shares in the last quarter. Sincerus Advisory LLC acquired a new position in Amazon.com during the fourth quarter worth $335,000. Red Crane Wealth Management LLC bought a new position in shares of Amazon.com in the fourth quarter valued at $337,000. Finally, Checchi Capital Advisers LLC grew its holdings in shares of Amazon.com by 2.1% during the fourth quarter. Checchi Capital Advisers LLC now owns 79,546 shares of the e-commerce giant’s stock valued at $17,452,000 after buying an additional 1,661 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $192.72 on Friday. The company’s 50 day simple moving average is $216.86 and its two-hundred day simple moving average is $208.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.04 trillion, a PE ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Rosenblatt Securities lifted their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Citigroup reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Raymond James lifted their price objective on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, Mizuho increased their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

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.