San Luis Wealth Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 47,888 shares of the e-commerce giant's stock after purchasing an additional 4,041 shares during the period. Amazon.com comprises approximately 1.8% of San Luis Wealth Advisors LLC's portfolio, making the stock its 12th largest position. San Luis Wealth Advisors LLC's holdings in Amazon.com were worth $8,923,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of AMZN. Vanguard Group Inc. lifted its position in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during 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. Legal & General Group Plc increased its stake in shares of Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after acquiring an additional 1,042,177 shares during the period. Bank of New York Mellon Corp increased 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 period. Finally, Jennison Associates LLC grew its position in Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock worth $10,221,446,000 after buying an additional 295,132 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.
Amazon.com Stock Down 0.9 %
AMZN traded down $1.87 during trading hours on Friday, reaching $208.18. 36,040,942 shares of the stock traded hands, compared to its average volume of 41,437,816. The firm's fifty day simple moving average is $187.83 and its two-hundred day simple moving average is $184.62. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two 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.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 5.16 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock valued at $10,215,097 in the last ninety days. Corporate insiders own 10.80% of the company's stock.
Analysts Set New Price Targets
AMZN has been the topic of several recent analyst reports. Wells Fargo & Company lowered shares of Amazon.com from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Evercore ISI upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Sanford C. Bernstein upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Cantor Fitzgerald restated an "overweight" rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Finally, Piper Sandler upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $234.55.
Check Out Our Latest Stock Analysis on AMZN
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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