Horizon Investments LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,676 shares of the e-commerce giant’s stock after purchasing an additional 12,617 shares during the quarter. Horizon Investments LLC’s holdings in Amazon.com were worth $11,150,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC grew its holdings in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. increased its holdings in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp raised its stake in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC lifted its holdings in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Amazon.com
In related news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction 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 transaction, the chief executive officer now owns 529,435 shares in the company, valued at approximately $54,478,861.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last three months, insiders sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is currently owned by corporate insiders.
Amazon.com Trading Down 1.6 %
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. Analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on AMZN shares. Morgan Stanley upped their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Amazon.com in a report on Friday, February 3rd. Wolfe Research boosted their price target on shares of Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Finally, Cowen boosted their target price on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $144.87.
About Amazon.com
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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