Alta Capital Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,103 shares of the e-commerce giant’s stock after acquiring an additional 15,348 shares during the quarter. Alta Capital Management LLC’s holdings in Amazon.com were worth $19,567,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in AMZN. State Street Corp lifted its position in Amazon.com by 1,869.1% during the second 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 lifted its position in Amazon.com by 1,838.8% during the second 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 buying an additional 295,880,050 shares during the period. FMR LLC lifted its position in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC lifted its position in Amazon.com by 120,235.9% during the fourth 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 buying an additional 116,383,502 shares during the period. Finally, Norges Bank purchased a new position in Amazon.com during the fourth quarter worth about $8,263,591,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on AMZN shares. Benchmark increased their target price on Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Sanford C. Bernstein raised their price objective on Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Evercore ISI raised their price objective on Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Argus restated a “buy” rating and issued a $165.00 price objective on shares of Amazon.com in a report on Wednesday, September 27th. Finally, Canaccord Genuity Group raised their price objective on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.94.
Insider Buying and Selling
In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com 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 in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold 1,408,645 shares of company stock worth $55,207,763 in the last three months. 12.70% of the stock is currently owned by insiders.
Amazon.com Stock Down 1.9 %
AMZN opened at $129.79 on Friday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The stock’s fifty day moving average is $134.44 and its 200-day moving average is $123.80. The company has a market capitalization of $1.34 trillion, a PE ratio of 102.20, a P/E/G ratio of 1.70 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data 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. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. On average, equities analysts predict that Amazon.com, Inc. will post 2.23 EPS 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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