Gateway Investment Advisers LLC Has $341.06 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Gateway Investment Advisers LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,830,432 shares of the e-commerce giant's stock after selling 24,927 shares during the quarter. Amazon.com comprises approximately 3.8% of Gateway Investment Advisers LLC's portfolio, making the stock its 4th largest holding. Gateway Investment Advisers LLC's holdings in Amazon.com were worth $341,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB acquired a new stake in shares of Amazon.com in the 1st quarter worth $2,239,757,000. Capital World Investors boosted its holdings in shares of Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC raised its holdings in Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock worth $759,971,000 after purchasing an additional 3,903,889 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.9 %

NASDAQ:AMZN traded down $1.87 during mid-day trading on Friday, hitting $208.18. The company had a trading volume of 36,075,846 shares, compared to its average volume of 37,449,628. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $212.25. The business has a fifty day simple moving average of $187.83 and a 200-day simple moving average of $184.66. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.58, a PEG ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Equities analysts forecast that Amazon.com, Inc. will post 5.24 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the completion of the sale, the senior vice president now owns 64,610 shares in the company, valued at approximately $11,686,656.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,859 shares of company stock valued at $10,215,097. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on AMZN. JMP Securities boosted their target price on Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Barclays upped their price objective on Amazon.com from $220.00 to $235.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Pivotal Research initiated coverage on Amazon.com in a report on Friday, October 11th. They issued a "buy" rating and a $260.00 target price for the company. Piper Sandler upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $234.55.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.