Oak Grove Capital LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 59.0% in the 2nd quarter, Holdings Channel reports. The firm owned 257 shares of the e-commerce giant’s stock after selling 370 shares during the period. Oak Grove Capital LLC’s holdings in Amazon.com were worth $709,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Gantzert Investment Co. LLC ADV purchased a new stake in Amazon.com in the second quarter worth approximately $28,000. Lountzis Asset Management LLC bought a new position in shares of Amazon.com during the second quarter valued at approximately $28,000. Sofos Investments Inc. grew its stake in shares of Amazon.com by 120.0% during the first quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock valued at $31,000 after buying an additional 66 shares during the last quarter. James Investment Research Inc. bought a new position in shares of Amazon.com during the second quarter valued at approximately $55,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Amazon.com by 262.5% during the first quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock valued at $57,000 after buying an additional 21 shares during the last quarter. 57.32% of the stock is owned by institutional investors and hedge funds.
In related news, Director Indra K. Nooyi purchased 27 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was bought at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the acquisition, the director now owns 707 shares of the company’s stock, valued at approximately $1,984,407.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3,304.28, for a total value of $2,478,210.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $33,042,800. The disclosure for this sale can be found here. Insiders sold 102,815 shares of company stock valued at $324,095,003 over the last three months. 16.10% of the stock is currently owned by corporate insiders.
AMZN has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, September 9th. William Blair reiterated a “buy” rating on shares of Amazon.com in a report on Monday, June 22nd. Raymond James boosted their price target on Amazon.com from $2,525.00 to $3,500.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Oppenheimer boosted their price target on Amazon.com from $2,700.00 to $3,500.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Deutsche Bank boosted their price target on Amazon.com from $3,333.00 to $4,000.00 and gave the company a “buy” rating in a report on Friday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and forty-seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $3,291.50.
Shares of NASDAQ AMZN opened at $2,954.91 on Friday. The business’s 50 day moving average price is $3,234.05 and its 200 day moving average price is $2,620.66. The firm has a market cap of $1,480.08 billion, a P/E ratio of 113.61, a P/E/G ratio of 3.23 and a beta of 1.32. Amazon.com, Inc. has a 52 week low of $1,626.03 and a 52 week high of $3,552.25. The company has a quick ratio of 0.97, a current ratio of 1.18 and a debt-to-equity ratio of 0.45.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. The company had revenue of $88.91 billion during the quarter, compared to the consensus estimate of $81.56 billion. As a group, research analysts expect that Amazon.com, Inc. will post 31.92 earnings per share for the current year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
Read More: Why is the price-sales ratio important?
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.