Omnia Family Wealth LLC Acquires 2,356 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Omnia Family Wealth LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,118 shares of the e-commerce giant's stock after purchasing an additional 2,356 shares during the quarter. Amazon.com accounts for 1.4% of Omnia Family Wealth LLC's portfolio, making the stock its 15th largest position. Omnia Family Wealth LLC's holdings in Amazon.com were worth $3,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter worth about $35,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter worth about $40,000. Finally, Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 733,195 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the transaction, the insider owned 894,546,706 shares of the company's stock, valued at $203,079,993,196.12. This represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,335,232 shares of company stock worth $3,210,622,570 in the last ninety days. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Citigroup reiterated a "market outperform" rating on shares of Amazon.com in a research note on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $250.35.

Amazon.com Trading Up 1.0%

NASDAQ AMZN traded up $2.25 on Friday, reaching $226.13. The company had a trading volume of 37,691,170 shares, compared to its average volume of 41,988,670. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. The business has a 50 day moving average of $213.50 and a two-hundred day moving average of $208.59. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.