MML Investors Services LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,337,107 shares of the e-commerce giant’s stock after acquiring an additional 37,195 shares during the period. Amazon.com accounts for 1.1% of MML Investors Services LLC’s portfolio, making the stock its 10th largest holding. MML Investors Services LLC’s holdings in Amazon.com were worth $151,093,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Bassett Hargrove Investment Counsel LLC purchased a new position in Amazon.com during the third quarter valued at $2,120,000. Asset Management One Co. Ltd. grew its stake in Amazon.com by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after acquiring an additional 32,781 shares in the last quarter. West Coast Financial LLC purchased a new position in Amazon.com during the third quarter valued at $210,000. Gulf International Bank UK Ltd grew its stake in shares of Amazon.com by 1.0% in the 3rd quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock worth $172,544,000 after buying an additional 15,640 shares in the last quarter. Finally, Abundance Wealth Counselors grew its stake in shares of Amazon.com by 2.9% in the 3rd quarter. Abundance Wealth Counselors now owns 25,820 shares of the e-commerce giant’s stock worth $2,918,000 after buying an additional 737 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Down 1.2 %
NASDAQ:AMZN opened at $93.75 on Tuesday. The company has a market cap of $960.68 billion, a PE ratio of -349.80, a P/E/G ratio of 3.91 and a beta of 1.25. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $95.10 and its two-hundred day moving average is $103.74.
Insiders Place Their Bets
In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the sale, the chief executive officer now directly owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,394 shares of company stock valued at $6,994,626. Insiders own 12.70% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Cowen lifted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. UBS Group lifted their price objective on shares of Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. Oppenheimer lifted their price objective on shares of Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Finally, Wolfe Research lifted their price target on shares of Amazon.com from $115.00 to $130.00 in a research note on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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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