Summa Corp. Takes $1.51 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Summa Corp. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,911 shares of the e-commerce giant's stock, valued at approximately $1,506,000. Amazon.com comprises about 1.1% of Summa Corp.'s investment portfolio, making the stock its 17th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant's stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its position in shares of Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant's stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. FMR LLC increased its position in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Jennison Associates LLC increased its position in shares of Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant's stock worth $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Amazon.com in the third quarter worth $610,138,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.6 %

Shares of NASDAQ AMZN traded down $2.88 during midday trading on Friday, hitting $176.44. 58,866,154 shares of the stock traded hands, compared to its average volume of 42,958,621. The business has a 50 day moving average price of $182.34 and a two-hundred day moving average price of $167.37. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The company has a market cap of $1.84 trillion, a PE ratio of 49.42, a P/E/G ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. Amazon.com's revenue was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares of the company's stock, valued at $23,868,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the business's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now owns 1,994,182 shares of the company's stock, valued at $358,952,760. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,894 shares of company stock worth $21,363,909. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird raised their price target on Amazon.com from $205.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. Monness Crespi & Hardt lifted their target price on Amazon.com from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Piper Sandler lifted their target price on Amazon.com from $205.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $228.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Finally, Tigress Financial lifted their target price on Amazon.com from $210.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of "Buy" and a consensus price target of $212.40.

Amazon.com 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.