GAMMA Investing LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,205 shares of the e-commerce giant's stock after acquiring an additional 19,231 shares during the quarter. Amazon.com comprises approximately 2.2% of GAMMA Investing LLC's investment portfolio, making the stock its 4th biggest holding. GAMMA Investing LLC's holdings in Amazon.com were worth $22,211,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of 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 during the last quarter. Legal & General Group Plc boosted its stake in shares of Amazon.com by 1.5% in the 2nd 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 last quarter. Bank of New York Mellon Corp boosted its stake in shares of Amazon.com by 0.4% in the 2nd 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 last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Amazon.com by 0.5% in the 1st 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 last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
Amazon.com Stock Performance
Shares of NASDAQ AMZN traded down $6.33 during mid-day trading on Thursday, reaching $186.40. 74,307,524 shares of the company were exchanged, compared to its average volume of 41,038,512. The company's 50-day simple moving average is $184.20 and its 200-day simple moving average is $183.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.96 trillion, a P/E ratio of 44.59, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $131.71 and a twelve month high of $201.20.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analysts' expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.
Insider Transactions at Amazon.com
In related news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is owned by insiders.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Amazon.com from $228.00 to $224.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. DA Davidson reissued a "buy" rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Wedbush reissued an "outperform" rating and set a $225.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Morgan Stanley reissued an "overweight" rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, October 3rd. Finally, Rosenblatt Securities lifted their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $236.76.
Read Our Latest Stock Analysis on AMZN
Amazon.com Company Profile
(
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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