1623 Capital LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,800 shares of the e-commerce giant’s stock after buying an additional 800 shares during the quarter. Amazon.com comprises 4.8% of 1623 Capital LLC’s portfolio, making the stock its 7th largest position. 1623 Capital LLC’s holdings in Amazon.com were worth $7,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC lifted its holdings in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Northern Trust Corp boosted its position in shares of 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 worth $10,089,669,000 after purchasing an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after buying an additional 57,043,701 shares during the last quarter. 57.64% of the stock is owned by institutional investors.
Amazon.com Trading Down 1.6 %
Shares of AMZN opened at $90.73 on Friday. The firm has a market cap of $929.73 billion, a P/E ratio of -338.53, a price-to-earnings-growth ratio of 3.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The company has a 50 day simple moving average of $95.85 and a two-hundred day simple moving average of $102.99.
Insider Activity
In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was 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 in the company, valued at $54,478,861.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s 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 sale, the chief executive officer now owns 529,435 shares in the company, valued at $54,478,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of the stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock worth $6,994,626 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Susquehanna boosted their target price on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Friday, February 3rd. JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Amazon.com in a research report on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Oppenheimer upped their target price 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, Wells Fargo & Company reduced their price target on shares of Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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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