Glass Jacobson Investment Advisors llc purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,966 shares of the e-commerce giant’s stock, valued at approximately $908,000.
Other hedge funds have also bought and sold shares of the company. State Street Corp grew 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 valued at $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD grew 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 valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC grew 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 valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC grew 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 valued at $9,784,345,000 after buying an additional 116,383,502 shares during the period. Finally, Norges Bank acquired a new stake in Amazon.com during the fourth quarter valued at $8,263,591,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Loop Capital increased their price objective on shares of Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Canaccord Genuity Group increased their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $175.00 price objective on shares of Amazon.com in a report on Monday, October 2nd. Tigress Financial increased their price objective on shares of Amazon.com from $192.00 to $204.00 in a report on Thursday, July 13th. Finally, Citigroup raised their price target on shares of Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.21.
Amazon.com Trading Down 2.5 %
Shares of NASDAQ:AMZN opened at $125.17 on Monday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86. The company’s 50 day moving average is $133.41 and its two-hundred day moving average is $125.09. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.29 trillion, a PE ratio of 98.56, a P/E/G ratio of 1.90 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 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 company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Equities analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Insider Activity
In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’s 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 completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Adam Selipsky sold 70,056 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total transaction of $9,798,032.16. Following the completion of the sale, the chief executive officer now owns 104,864 shares in the company, valued at approximately $14,666,279.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the sale, the insider now owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,408,145 shares of company stock worth $55,143,023. Corporate insiders own 12.30% of the company’s stock.
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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