Optas LLC has a $6.11 million stake in Amazon.com, Inc. (NASDAQ:AMZN)

Optas LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 1.3% in the first quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The company now owns 33,878 shares of the e-commerce giant after acquiring an additional 443 shares during the period. Amazon.com makes up about 1.7% of Optas LLC’s investment portfolio, making it the 16th-largest stock. Optas LLC’s stake in Amazon.com was worth $6,111,000 at the end of the last quarter.

Other hedge funds also recently changed their positions in the company. Collective Family Office LLC increased its stake in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares in the last quarter. Members Trust Co increased its position in Amazon.com stock by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its position in Amazon.com stock by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp increased its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the period. Finally, Nordea Investment Management AB increased its position in Amazon.com by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the last quarter. Institutional investors own 72.20% of the shares.

Insider Buying and Selling on Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. Disclosure of this sale can be found here . Insiders have sold 1,532,985 shares of the company’s stock worth $305,578,679 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com shares up 1.2%

NASDAQ:AMZN stock opened at $200.00 on Monday. The company has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a price-to-earnings-to-growth ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The company has a 50-day moving average of $185.99 and a 200-day moving average of $174.94.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue increased by 12.5% ​​year-over-year. During the same period in the previous year, the company earned $0.31 earnings per share. Research analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current fiscal year.

Changes in analyst ratings

Several stock research analysts have commented on the company. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18. Needham & Company LLC reissued a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research note on Monday, July 1. Argus raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2. Goldman Sachs Group raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Finally, Wells Fargo & Company raised their price target on shares of Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research report on Friday, June 28. One research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the stock a “strong buy” rating. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $215.86.

Download our latest research report on Amazon.com

Amazon.com Company Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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