IronOak Wealth LLC. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

IronOak Wealth LLC. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,292 shares of the e-commerce giant's stock, valued at approximately $3,355,000. Amazon.com makes up approximately 3.8% of IronOak Wealth LLC.'s investment portfolio, making the stock its 5th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Elite Financial Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at approximately $698,000. Arcadia Wealth Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at $405,000. Wood Tarver Financial Group LLC acquired a new stake in Amazon.com during the fourth quarter worth about $1,309,000. Kilter Group LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $1,022,000. Finally, TFR Capital LLC. acquired a new position in shares of Amazon.com in the 4th quarter valued at $6,611,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Benchmark reissued a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Westpark Capital restated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Royal Bank of Canada decreased their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Citigroup restated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Trading Up 2.7%

NASDAQ:AMZN opened at $213.57 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. The firm has a 50 day moving average of $191.84 and a 200 day moving average of $208.75. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.

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