Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Occidental Asset Management LLC

Occidental Asset Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,378 shares of the e-commerce giant's stock after buying an additional 1,965 shares during the period. Amazon.com makes up about 1.0% of Occidental Asset Management LLC's holdings, making the stock its 24th biggest holding. Occidental Asset Management LLC's holdings in Amazon.com were worth $6,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC raised its holdings in Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock valued at $2,125,148,000 after buying an additional 11,391,479 shares during the last quarter. State Street Corp raised its holdings in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC raised its holdings in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after buying an additional 3,903,889 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Piper Sandler upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, November 1st. DA Davidson restated a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Two equities research 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. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $249.46.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction dated 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 owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company's stock.

Amazon.com Stock Down 1.0 %

AMZN traded down $2.43 on Thursday, hitting $234.64. The company had a trading volume of 31,950,988 shares, compared to its average volume of 32,440,846. The stock has a fifty day moving average price of $222.30 and a 200-day moving average price of $198.30. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $241.77. 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 stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.24, a P/E/G ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current fiscal 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.