Lowe Wealth Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,353.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 625 shares of the e-commerce giant’s stock after acquiring an additional 582 shares during the quarter. Lowe Wealth Advisors LLC’s holdings in Amazon.com were worth $66,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Amazon.com by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock worth $110,725,825,000 after buying an additional 543,744 shares in the last quarter. State Street Corp lifted its position in Amazon.com by 4.3% during the 4th quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after buying an additional 698,970 shares in the last quarter. Geode Capital Management LLC lifted its position in Amazon.com by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock worth $23,917,115,000 after buying an additional 195,716 shares in the last quarter. Capital Research Global Investors lifted its position in Amazon.com by 14.0% during the 1st quarter. Capital Research Global Investors now owns 5,213,777 shares of the e-commerce giant’s stock worth $16,996,815,000 after buying an additional 639,231 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at about $14,053,756,000. 57.15% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Itaú Unibanco assumed coverage on shares of Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price on the stock. MKM Partners decreased their price target on shares of Amazon.com from $180.00 to $165.00 in a research note on Monday, July 25th. Citigroup upped their price target on shares of Amazon.com to $185.00 in a research note on Tuesday, August 9th. Cowen upped their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Finally, Itau BBA Securities started coverage on shares of Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have given a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $176.61.
Insiders Place Their Bets
Amazon.com Trading Down 2.2 %
AMZN opened at $123.53 on Monday. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $129.52 and a 200-day moving average of $130.72. The stock has a market cap of $1.26 trillion, a PE ratio of 110.74, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The company had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 0.99 EPS for the current year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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