Mesirow Financial Investment Management Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417,110 shares of the e-commerce giant's stock after purchasing an additional 5,318 shares during the quarter. Amazon.com makes up 1.5% of Mesirow Financial Investment Management Inc.'s holdings, making the stock its 13th largest position. Mesirow Financial Investment Management Inc.'s holdings in Amazon.com were worth $77,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after acquiring an additional 289,532 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Amazon.com by 3.4% during the second quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant's stock valued at $7,917,906,000 after acquiring an additional 1,329,150 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Amazon.com by 1.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant's stock worth $6,161,579,000 after purchasing an additional 464,938 shares in the last quarter. Institutional investors own 72.20% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on AMZN. DA Davidson restated a "buy" rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Truist Financial raised their target price on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. TD Cowen boosted their price target on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Pivotal Research started coverage on Amazon.com in a report on Friday, October 11th. They set a "buy" rating and a $260.00 target price for the company. Finally, UBS Group increased their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $243.00.
Get Our Latest Stock Analysis on Amazon.com
Insider Buying and Selling at Amazon.com
In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company's stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 in the last three months. 10.80% of the stock is owned by corporate insiders.
Amazon.com Trading Up 0.7 %
AMZN stock traded up $1.63 during mid-day trading on Friday, hitting $224.92. 87,060,734 shares of the company were exchanged, compared to its average volume of 41,415,395. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. The business has a fifty day simple moving average of $205.83 and a 200-day simple moving average of $191.30. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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. 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 analyst estimates of $157.28 billion. During the same period in the prior year, the business posted $0.85 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal 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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