AustralianSuper Pty Ltd grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 78.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,079,802 shares of the e-commerce giant’s stock after purchasing an additional 5,758,319 shares during the period. Amazon.com comprises about 10.8% of AustralianSuper Pty Ltd’s holdings, making the stock its largest holding. AustralianSuper Pty Ltd owned approximately 0.13% of Amazon.com worth $1,705,083,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Planning LLC lifted its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC lifted its stake in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. lifted its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. raised its holdings in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its holdings in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on AMZN. 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. Piper Sandler raised their price target 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. Bank of America restated a “buy” rating and set a $174.00 price target on shares of Amazon.com in a report on Tuesday, September 26th. Telsey Advisory Group raised their price target on shares of Amazon.com from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Finally, Canaccord Genuity Group raised their price target on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.00.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the sale, the senior vice president now owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,404,645 shares of company stock worth $54,674,088. 12.70% of the stock is owned by company insiders.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $137.00 on Thursday. The company’s fifty day moving average price is $132.22 and its 200 day moving average price is $126.36. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74. The firm has a market capitalization of $1.42 trillion, a P/E ratio of 70.98, 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 results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 2.45 earnings per share for the current fiscal year.
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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