Smithbridge Asset Management Inc. DE increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,511 shares of the e-commerce giant’s stock after purchasing an additional 7,791 shares during the period. Amazon.com makes up about 1.8% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 9th biggest holding. Smithbridge Asset Management Inc. DE’s holdings in Amazon.com were worth $7,758,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its holdings in 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 valued at $34,701,726,000 after acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC raised its holdings 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 valued at $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings 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 valued at $9,784,345,000 after acquiring an additional 116,383,502 shares in the last quarter. Finally, Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at $8,263,591,000. 57.96% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. TD Cowen lifted their price objective on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Jefferies Financial Group lifted their price target on Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price target on shares of Amazon.com in a research note on Thursday, September 28th. Argus reiterated a “buy” rating and issued a $165.00 price target on shares of Amazon.com in a research note on Wednesday, September 27th. Finally, DA Davidson reiterated a “buy” rating and issued a $150.00 price target on shares of Amazon.com in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $161.30.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at $74,828,198.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at $74,828,198.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 50,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $141.00, for a total value of $7,050,000.00. Following the transaction, the chief executive officer now directly owns 510,301 shares of the company’s stock, valued at $71,952,441. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,408,645 shares of company stock valued at $55,207,763. Company insiders own 12.70% of the company’s stock.
Amazon.com Stock Performance
AMZN stock opened at $131.83 on Thursday. The firm has a market cap of $1.36 trillion, a PE ratio of 103.80, a P/E/G ratio of 1.70 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. The business has a 50 day moving average of $134.56 and a 200-day moving average of $123.52. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $145.86.
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 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 business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. As a group, sell-side analysts expect that Amazon.com, Inc. will post 2.23 earnings per share 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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