South Dakota Investment Council lifted its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 820,070 shares of the e-commerce giant’s stock after acquiring an additional 31,741 shares during the quarter. Amazon.com accounts for approximately 1.8% of South Dakota Investment Council’s investment portfolio, making the stock its 6th largest holding. South Dakota Investment Council’s holdings in Amazon.com were worth $84,705,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Bridgefront Capital LLC bought a new stake in Amazon.com during the 1st quarter valued at $228,000. Krane Funds Advisors LLC increased its position in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $258,000. My Personal CFO LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com during the 1st quarter worth approximately $191,000. 57.96% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on AMZN shares. Loop Capital raised their price target on shares of Amazon.com from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. UBS Group raised their target price on shares of Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Rosenblatt Securities upgraded Amazon.com from a “neutral” rating to a “buy” rating and lifted their price target for the company from $111.00 to $184.00 in a research report on Friday, August 4th. Canaccord Genuity Group raised their price target on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, CICC Research assumed coverage on Amazon.com in a research report on Sunday, July 9th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $160.87.
Amazon.com Stock Down 0.6 %
Shares of NASDAQ AMZN opened at $137.27 on Wednesday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $143.63. The business’s 50 day moving average is $133.28 and its two-hundred day moving average is $116.83. The firm has a market cap of $1.42 trillion, a price-to-earnings ratio of 108.09, a PEG ratio of 1.83 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Research analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current year.
Insider Transactions at Amazon.com
In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the transaction, the chief executive officer now owns 151,780 shares in the company, valued at $18,983,124.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,361,829 shares of company stock valued at $48,444,937. 12.70% of the stock is currently owned by corporate insiders.
About Amazon.com
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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