Bank OZK Has $1.44 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Defense World · Nov 26, 2022 18:01

Bank OZK increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,977.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,506 shares of the e-commerce giant's stock after purchasing an additional 12,856 shares during the quarter. Bank OZK's holdings in Amazon.com were worth $1,435,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. LRT Capital Management LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $939,000. Bellecapital International Ltd. increased its position in Amazon.com by 1,993.8% in the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant's stock valued at $7,503,000 after acquiring an additional 67,270 shares during the period. Van Hulzen Asset Management LLC increased its position in Amazon.com by 2.1% in the 1st quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant's stock valued at $13,017,000 after acquiring an additional 82 shares during the period. Bouchey Financial Group Ltd increased its position in Amazon.com by 2,027.5% in the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant's stock valued at $17,028,000 after acquiring an additional 152,790 shares during the period. Finally, Ervin Investment Management LLC increased its position in Amazon.com by 1,900.0% in the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant's stock valued at $320,000 after acquiring an additional 2,793 shares during the period. 57.15% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMZN shares. Benchmark decreased their price objective on shares of Amazon.com from $160.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, October 28th. Morgan Stanley decreased their price objective on shares of Amazon.com from $175.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, October 28th. Cowen decreased their price objective on shares of Amazon.com from $195.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, October 28th. Atlantic Securities cut their target price on shares of Amazon.com from $160.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, October 28th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Amazon.com from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $149.40.

Amazon.com Stock Performance

NASDAQ AMZN opened at $93.41 on Friday. Amazon.com, Inc. has a 52-week low of $85.87 and a 52-week high of $181.68. The company has a 50-day simple moving average of $107.80 and a 200 day simple moving average of $116.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The company has a market capitalization of $952.94 billion, a PE ratio of 85.74, a price-to-earnings-growth ratio of 6.29 and a beta of 1.23.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter last year, the company posted $0.31 earnings per share. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 0.74 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,720 shares of Amazon.com stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the transaction, the director now owns 22,440 shares of the company's stock, valued at approximately $2,147,508. The disclosure for this sale can be found here. Insiders sold 303,988 shares of company stock worth $11,164,283 over the last quarter. Corporate insiders own 12.70% of the company's stock.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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