Capital Insight Partners LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,571 shares of the e-commerce giant's stock after purchasing an additional 2,881 shares during the quarter. Capital Insight Partners LLC's holdings in Amazon.com were worth $5,510,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Capital Research Global Investors increased its holdings in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Legal & General Group Plc raised its position in Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. Bank of New York Mellon Corp raised its position in Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock valued at $13,091,909,000 after purchasing an additional 289,532 shares during the period. Finally, Jennison Associates LLC raised its position in Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock valued at $10,221,446,000 after purchasing an additional 295,132 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have commented on AMZN. Wells Fargo & Company lowered Amazon.com from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Scotiabank raised their price objective on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research report on Friday, November 1st. Wedbush raised their price objective on Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Maxim Group raised their price objective on Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, JMP Securities lifted 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. Two 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.55.
Check Out Our Latest Report on Amazon.com
Insider Activity
In other news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares of the company's stock, valued at $19,864,290.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock worth $10,215,097 in the last ninety days. Corporate insiders own 10.80% of the company's stock.
Amazon.com Trading Up 1.4 %
NASDAQ AMZN traded up $2.96 on Thursday, hitting $210.05. 52,821,583 shares of the stock were exchanged, compared to its average volume of 41,462,430. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 44.98, a P/E/G ratio of 1.46 and a beta of 1.14. The company's 50-day moving average price is $186.48 and its two-hundred day moving average price is $184.23.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the previous year, the company posted $0.85 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 4.98 EPS for the current year.
About Amazon.com
(
Free Report)
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.
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