Dimensional Fund Advisors LP Sells 852,588 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on May 30th, 2023

Dimensional Fund Advisors LP lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,384,682 shares of the e-commerce giant’s stock after selling 852,588 shares during the period. Amazon.com comprises approximately 0.6% of Dimensional Fund Advisors LP’s holdings, making the stock its 16th biggest position. Dimensional Fund Advisors LP owned approximately 0.22% of Amazon.com worth $1,880,308,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Amazon.com by 1,869.1% during 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 during the period. Price T Rowe Associates Inc. MD raised its stake in 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 acquiring an additional 295,880,050 shares during the period. FMR LLC raised its stake in 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 acquiring an additional 270,931,640 shares during the period. Northern Trust Corp raised its stake 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 acquiring an additional 90,167,792 shares during the period. Finally, Swiss National Bank raised its stake in Amazon.com by 1,909.7% during the 2nd quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock worth $4,219,876,000 after acquiring an additional 37,754,468 shares during the period. Institutional investors own 57.64% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $120.11 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57. The firm has a market capitalization of $1.23 trillion, a price-to-earnings ratio of 285.98, a PEG ratio of 4.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The stock’s 50-day simple moving average is $106.06 and its 200-day simple moving average is $98.18.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on AMZN shares. Evercore ISI decreased their target price on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Monday, April 3rd. Wolfe Research lifted their price objective on shares of Amazon.com from $130.00 to $140.00 in a research report on Friday, April 28th. Wedbush lifted their price objective on shares of Amazon.com from $125.00 to $129.00 in a research report on Friday, April 28th. StockNews.com assumed coverage on shares of Amazon.com in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Susquehanna lifted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and forty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.17.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the sale, the chief executive officer now owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the completion of the transaction, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,144 shares of company stock worth $8,405,887. Insiders own 12.70% of the company’s stock.

About Amazon.com

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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.