Horrell Capital Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 36,654 shares of the e-commerce giant’s stock after acquiring an additional 685 shares during the period. Amazon.com comprises 1.5% of Horrell Capital Management Inc.’s portfolio, making the stock its 25th biggest position. Horrell Capital Management Inc.’s holdings in Amazon.com were worth $4,778,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised 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 acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 acquiring an additional 295,880,050 shares in the last quarter. FMR LLC raised its position in shares of 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 acquiring an additional 270,931,640 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of 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 acquiring an additional 116,383,502 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the 4th quarter worth $8,263,591,000. 57.96% of the stock is owned by institutional investors.
Amazon.com Stock Performance
NASDAQ AMZN opened at $125.17 on Friday. The company has a market cap of $1.29 trillion, a PE ratio of 98.56, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24. The stock’s 50 day simple moving average is $133.41 and its 200-day simple moving average is $124.78. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on AMZN shares. Credit Suisse Group boosted their price target on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Canaccord Genuity Group upped their target price on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $165.00 target price on shares of Amazon.com in a research report on Tuesday, October 10th. UBS Group reduced their target price on Amazon.com from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus initiated coverage on Amazon.com in a research report on Tuesday. They set a “buy” rating and a $173.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.21.
Check Out Our Latest Research Report on AMZN
Insider Buying and Selling
In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred 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 transaction, the chief executive officer now owns 560,301 shares in the company, valued at $74,828,198.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total value of $534,200.00. Following the sale, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at approximately $74,828,198.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,408,645 shares of company stock worth $55,207,763. 12.30% of the stock is owned by corporate insiders.
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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