Oppenheimer & Co. Inc. Has $120.40 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Oppenheimer & Co. Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 632,808 shares of the e-commerce giant's stock after buying an additional 18,409 shares during the period. Amazon.com accounts for 1.8% of Oppenheimer & Co. Inc.'s holdings, making the stock its 4th biggest holding. Oppenheimer & Co. Inc.'s holdings in Amazon.com were worth $120,398,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter valued at about $35,000. Perritt Capital Management Inc raised 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 valued at $42,000 after purchasing an additional 80 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $40,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the fourth quarter valued at about $51,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 1.2%

AMZN opened at $225.02 on Monday. The company has a 50 day moving average of $209.90 and a 200 day moving average of $208.36. The company has a market cap of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. This represents a 26.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares of the company's stock, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock worth $1,531,840,610 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMZN shares. Bank of America upped their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a report on Monday, June 2nd. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Moffett Nathanson boosted their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Benchmark reissued a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $249.42.

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.

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