Mountain Pacific Investment Advisers Inc. ID bought a new position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,555 shares of the e-commerce giant’s stock, valued at approximately $203,000.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after acquiring an additional 12,456,995 shares in the last quarter. State Street Corp boosted its stake in shares of Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after acquiring an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amazon.com by 1,838.8% during 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 boosted its stake in shares of Amazon.com by 1,792.4% during 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. Finally, Geode Capital Management LLC boosted its stake in shares of Amazon.com by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after acquiring an additional 3,774,390 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AMZN has been the subject of several recent analyst reports. TD Cowen upped their price target on Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Bank of America reiterated a “buy” rating and set a $174.00 price target on shares of Amazon.com in a research note on Tuesday, September 26th. Piper Sandler increased their target price on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. DA Davidson restated a “buy” rating and set a $150.00 target price on shares of Amazon.com in a research note on Wednesday, September 6th. Finally, Benchmark increased their target price on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.21.
Amazon.com Trading Down 1.5 %
AMZN stock opened at $119.57 on Friday. The business has a fifty day moving average price of $132.39 and a 200 day moving average price of $125.38. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The stock has a market capitalization of $1.23 trillion, a price-to-earnings ratio of 94.15, a P/E/G ratio of 1.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating 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 firm had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Analysts expect that Amazon.com, Inc. will post 2.24 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of the stock in a transaction on Friday, August 4th. The stock was 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 in the company, valued at approximately $71,952,441. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of the stock in a transaction on Friday, August 4th. The stock was 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 in the company, valued at approximately $71,952,441. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 42,816 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the transaction, the senior vice president now owns 64,380 shares in the company, valued at $9,343,469.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,408,645 shares of company stock worth $55,208,288. Insiders own 12.30% of the company’s stock.
Amazon.com 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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