Amazon.com, Inc. (NASDAQ:AMZN) Position Lifted by Czech National Bank

Posted by on Mar 29th, 2023

Czech National Bank lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,039,416 shares of the e-commerce giant’s stock after acquiring an additional 9,389 shares during the period. Amazon.com accounts for 2.3% of Czech National Bank’s portfolio, making the stock its 3rd largest position. Czech National Bank’s holdings in Amazon.com were worth $87,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its stake in Amazon.com by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares in the last quarter. State Street Corp lifted its stake in shares of Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD raised its holdings 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 worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC boosted its holdings in Amazon.com by 1,792.4% in 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. Finally, Northern Trust Corp grew its position in Amazon.com by 1,867.0% during 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 during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Piper Sandler lifted their price target on Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, March 16th. StockNews.com assumed coverage on shares of Amazon.com in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Oppenheimer lifted their price target on Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Finally, Telsey Advisory Group dropped their price objective on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, January 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $144.72.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’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 completion of 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 legal filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,693 shares of company stock worth $7,225,308. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $97.24 on Wednesday. The company has a fifty day simple moving average of $97.60 and a two-hundred day simple moving average of $99.86. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The company has a market cap of $996.44 billion, a price-to-earnings ratio of -362.82, a price-to-earnings-growth ratio of 4.06 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. During the same period last year, the firm earned $1.39 earnings per share. Amazon.com’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.33 earnings per share for the current fiscal year.

Amazon.com Profile

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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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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