Clarus Group Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,130 shares of the e-commerce giant’s stock after buying an additional 1,532 shares during the quarter. Amazon.com makes up about 2.1% of Clarus Group Inc.’s holdings, making the stock its 13th biggest holding. Clarus Group Inc.’s holdings in Amazon.com were worth $2,885,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. State Street Corp grew its position 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 buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Amazon.com by 1,838.8% in 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 purchasing an additional 295,880,050 shares in the last quarter. FMR LLC boosted its stake in Amazon.com by 1,792.4% in 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 in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Amazon.com by 120,235.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after purchasing an additional 116,383,502 shares in the last quarter. Finally, Norges Bank bought a new position in Amazon.com in the 4th quarter worth about $8,263,591,000. 57.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Stifel Nicolaus upped their price target on shares of Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Credit Suisse Group upped their price target on shares of Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. UBS Group upped their price target on shares of Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity Group upped their target price on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $161.30.
Insider Activity
In other news, SVP David Zapolsky sold 42,816 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at approximately $9,343,469.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total transaction of $69,240.00. Following the completion of the transaction, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 42,816 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,408,645 shares of company stock worth $55,223,448. 12.30% of the stock is currently owned by insiders.
Amazon.com Trading Up 0.9 %
Shares of AMZN opened at $127.12 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The company has a 50 day simple moving average of $134.87 and a two-hundred day simple moving average of $121.87. The firm has a market cap of $1.31 trillion, a P/E ratio of 100.09, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. On average, equities analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal 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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