Hanseatic Management Services Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,681 shares of the e-commerce giant’s stock, valued at approximately $480,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 in the last quarter. FMR LLC boosted its holdings 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 in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings 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 in the last quarter. Finally, Norges Bank purchased a new stake in Amazon.com during the fourth quarter worth about $8,263,591,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.
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 directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value 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 $14,750,889.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,408,645 shares of company stock worth $55,208,288. 12.70% of the stock is currently owned by company insiders.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results 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. The business had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current year.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. Telsey Advisory Group reissued an “outperform” rating and set a $160.00 price objective on shares of Amazon.com in a report on Wednesday, October 11th. Citigroup boosted their price objective on shares of Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $175.00 price target on shares of Amazon.com in a report on Tuesday, October 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $175.00 price target on shares of Amazon.com in a report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.21.
View Our Latest Analysis on AMZN
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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