Once Capital Management LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Once Capital Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 59,400 shares of the e-commerce giant's stock after buying an additional 5,500 shares during the quarter. Amazon.com comprises about 2.4% of Once Capital Management LLC's holdings, making the stock its 9th largest position. Once Capital Management LLC's holdings in Amazon.com were worth $11,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norway Savings Bank increased its holdings in Amazon.com by 4.5% during the 2nd quarter. Norway Savings Bank now owns 27,876 shares of the e-commerce giant's stock valued at $5,387,000 after acquiring an additional 1,188 shares in the last quarter. Capital Investment Advisors LLC grew its position in Amazon.com by 9.8% in the second quarter. Capital Investment Advisors LLC now owns 201,863 shares of the e-commerce giant's stock valued at $39,010,000 after acquiring an additional 17,981 shares in the last quarter. Southland Equity Partners LLC grew its holdings in Amazon.com by 49.8% during the 2nd quarter. Southland Equity Partners LLC now owns 18,856 shares of the e-commerce giant's stock valued at $3,644,000 after purchasing an additional 6,265 shares in the last quarter. Register Financial Advisors LLC grew its stake in shares of Amazon.com by 4.1% during the second quarter. Register Financial Advisors LLC now owns 6,410 shares of the e-commerce giant's stock valued at $1,239,000 after acquiring an additional 250 shares in the last quarter. Finally, Annex Advisory Services LLC grew its stake in Amazon.com by 9.3% during the 2nd quarter. Annex Advisory Services LLC now owns 188,668 shares of the e-commerce giant's stock valued at $36,460,000 after purchasing an additional 16,078 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.7 %

Shares of NASDAQ AMZN traded up $1.63 during mid-day trading on Friday, reaching $224.92. 87,060,734 shares of the company traded hands, compared to its average volume of 41,415,395. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week 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. The company's fifty day moving average is $205.83 and its two-hundred day moving average is $191.38. The stock has a market cap of $2.37 trillion, a PE ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Truist Financial boosted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Needham & Company LLC restated a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Wedbush increased their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Susquehanna increased their price target on Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $243.00.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 518,911 shares of the company's stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Insiders own 10.80% of the company's stock.

Amazon.com Company 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.