360 Financial Inc. Has $585,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

360 Financial Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 913.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,775 shares of the e-commerce giant’s stock after acquiring an additional 4,304 shares during the quarter. 360 Financial Inc.’s holdings in Amazon.com were worth $585,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its stake in shares of Amazon.com by 1,764.2% in the second quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock worth $5,113,256,000 after buying an additional 45,560,351 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Amazon.com by 1,923.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock worth $2,947,054,000 after buying an additional 26,375,927 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Amazon.com by 1,969.8% in the second quarter. CIBC Private Wealth Group LLC now owns 12,249,826 shares of the e-commerce giant’s stock worth $1,301,054,000 after buying an additional 11,657,996 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Amazon.com by 1,895.2% in the second quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock worth $1,099,172,000 after buying an additional 9,830,359 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Amazon.com by 1,644.6% in the second quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock worth $1,202,879,000 after buying an additional 9,129,976 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oppenheimer reduced their price objective on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Wells Fargo & Company dropped their target price on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Citigroup dropped their target price on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Bank of America dropped their target price on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Finally, UBS Group boosted their target price on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.40.

Amazon.com Stock Up 1.0 %

Shares of NASDAQ AMZN opened at $94.13 on Thursday. The firm’s 50-day simple moving average is $109.13 and its 200 day simple moving average is $116.76. The company has a market cap of $960.28 billion, a price-to-earnings ratio of 86.40, a price-to-earnings-growth ratio of 6.18 and a beta of 1.23. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $181.68.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The business had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, research analysts expect that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the transaction, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The disclosure for this sale can be found here. Insiders have sold a total of 303,988 shares of company stock worth $11,164,283 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Profile

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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.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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