Opus Capital Group LLC Has $903,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Opus Capital Group LLC increased its stake in Amazon.com by 252.6% during the first quarter, now holding shares worth $903,000.
• Amazon.com reported a quarterly EPS of $1.68, exceeding analysts' expectations of $1.31, with revenue growing 13.3% year-over-year.
• Analysts have raised their price targets for AMZN, with Barclays setting a new target of $275.00, while maintaining a consensus "Buy" rating on the stock.

Opus Capital Group LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 252.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,746 shares of the e-commerce giant's stock after purchasing an additional 3,400 shares during the quarter. Opus Capital Group LLC's holdings in Amazon.com were worth $903,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AMZN. LaFleur & Godfrey LLC grew its holdings in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after buying an additional 860 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares during the last quarter. Finally, Highview Capital Management LLC DE grew its holdings in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after buying an additional 1,518 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock opened at $214.75 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.28 trillion, a PE ratio of 32.74, a P/E/G ratio of 1.57 and a beta of 1.31. The firm has a 50 day simple moving average of $218.20 and a two-hundred day simple moving average of $209.03.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The business's quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Friday. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a report on Friday. Scotiabank lifted their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Cowen reiterated a "buy" rating on shares of Amazon.com in a report on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Buy" and an average price target of $262.45.

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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