JT Stratford LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,054 shares of the e-commerce giant’s stock after purchasing an additional 5,632 shares during the period. Amazon.com accounts for about 0.9% of JT Stratford LLC’s portfolio, making the stock its 20th biggest holding. JT Stratford LLC’s holdings in Amazon.com were worth $3,104,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.8% during 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 buying an additional 12,456,995 shares during the period. State Street Corp raised its position 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 acquiring an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Amazon.com by 1,838.8% in 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 acquiring an additional 295,880,050 shares during the last quarter. FMR LLC raised its holdings 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 purchasing an additional 270,931,640 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 161,534,790 shares of the e-commerce giant’s stock worth $13,541,345,000 after purchasing an additional 3,875,615 shares during the period. 57.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AMZN has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Amazon.com from $159.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Needham & Company LLC raised their target price on Amazon.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Wedbush started coverage on Amazon.com in a report on Tuesday, August 22nd. They set an “outperform” rating and a $180.00 price target on the stock. Morgan Stanley raised their price objective on shares of Amazon.com from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Finally, Evercore ISI boosted their target price on shares of Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $160.87.
Insiders Place Their Bets
In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the sale, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The disclosure for this sale can be found here. Insiders sold a total of 1,361,829 shares of company stock worth $48,444,937 in the last quarter. 12.70% of the stock is owned by company insiders.
Amazon.com Stock Up 0.1 %
AMZN opened at $138.12 on Tuesday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $143.63. The company has a market cap of $1.43 trillion, a PE ratio of 108.76, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $133.12 and a 200 day moving average of $116.55.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, sell-side analysts expect that Amazon.com, Inc. will post 2.23 EPS for the current year.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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