Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,303,461 shares of the e-commerce giant's stock after acquiring an additional 54,190 shares during the quarter. Amazon.com comprises approximately 2.6% of Sumitomo Mitsui DS Asset Management Company Ltd's investment portfolio, making the stock its 4th biggest position. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Amazon.com were worth $242,874,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Marathon Asset Management Ltd purchased a new position in shares of Amazon.com in the 3rd quarter valued at approximately $112,623,000. TruWealth Advisors LLC boosted its position in Amazon.com by 0.6% in the 3rd quarter. TruWealth Advisors LLC now owns 184,173 shares of the e-commerce giant's stock valued at $34,317,000 after buying an additional 1,080 shares during the last quarter. Ellsworth Advisors LLC grew its position in Amazon.com by 8.5% during the 3rd quarter. Ellsworth Advisors LLC now owns 1,739 shares of the e-commerce giant's stock worth $324,000 after purchasing an additional 136 shares in the last quarter. Drake & Associates LLC lifted its holdings in shares of Amazon.com by 22.3% in the third quarter. Drake & Associates LLC now owns 6,977 shares of the e-commerce giant's stock valued at $1,300,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Trust Co. of Vermont grew its holdings in shares of Amazon.com by 2.2% during the third quarter. Trust Co. of Vermont now owns 314,803 shares of the e-commerce giant's stock valued at $58,657,000 after buying an additional 6,720 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
Insiders Place Their Bets
In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 3.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares of the company's stock, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock worth $1,256,503,289 over the last ninety days. Company insiders own 10.80% of the company's stock.
Amazon.com Price Performance
Shares of AMZN stock traded down $0.91 during mid-day trading on Monday, reaching $201.70. The stock had a trading volume of 35,113,516 shares, compared to its average volume of 41,602,008. Amazon.com, Inc. has a 12-month low of $141.50 and a 12-month high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $191.16 and a 200 day simple moving average of $185.81. The company has a market cap of $2.12 trillion, a P/E ratio of 43.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.
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, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Royal Bank of Canada lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Finally, JMP Securities boosted their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the company 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $235.45.
Get 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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