Doheny Asset Management CA bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,680 shares of the e-commerce giant’s stock, valued at approximately $1,998,000. Amazon.com comprises 2.0% of Doheny Asset Management CA’s holdings, making the stock its 18th largest holding.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp increased its position in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC increased its position in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Northern Trust Corp raised its holdings in Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc lifted its position in Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after buying an additional 57,043,701 shares during the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Trading Up 0.5 %
Shares of Amazon.com stock opened at $94.23 on Wednesday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The business has a 50 day moving average price of $94.46 and a 200 day moving average price of $105.15. The company has a market capitalization of $965.60 billion, a P/E ratio of -351.59, a P/E/G ratio of 3.85 and a beta of 1.22.
Insider Activity at Amazon.com
In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the sale, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the transaction, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,394 shares of company stock valued at $6,619,426. Company insiders own 12.70% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on AMZN shares. Evercore ISI boosted their price target on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. JMP Securities reissued a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a research report on Friday, February 3rd. Wells Fargo & Company reduced their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. New Street Research initiated coverage on Amazon.com in a report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 target price for the company. Finally, Wolfe Research increased their price target on Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.87.
Amazon.com Company Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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