Onyx Bridge Wealth Group LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Onyx Bridge Wealth Group LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the third quarter, HoldingsChannel reports. The firm owned 28,050 shares of the e-commerce giant’s stock after buying an additional 850 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Amazon.com were worth $5,227,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Garrison Point Advisors LLC raised its position in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares during the period. O Connor Financial Group LLC raised its holdings in shares of Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after acquiring an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC raised its holdings in shares of Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after acquiring an additional 55 shares in the last quarter. Finally, Lutz Financial Services LLC lifted its stake in Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after acquiring an additional 57 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Roth Mkm raised their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Oppenheimer lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Loop Capital upped their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their target price on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Wedbush boosted their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $235.45.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 4.2 %

NASDAQ AMZN opened at $202.61 on Monday. The company has a fifty day moving average of $191.16 and a 200 day moving average of $185.81. The company has a market capitalization of $2.13 trillion, a PE ratio of 43.39, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

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.