Index Fund Advisors Inc. Has $2.44 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Index Fund Advisors Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% during the third quarter, Holdings Channel reports. The fund owned 21,601 shares of the e-commerce giant’s stock after acquiring an additional 1,440 shares during the quarter. Amazon.com comprises about 0.2% of Index Fund Advisors Inc.’s holdings, making the stock its 15th biggest holding. Index Fund Advisors Inc.’s holdings in Amazon.com were worth $2,441,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. State Street Corp grew its holdings in Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC grew its holdings in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Northern Trust Corp grew its holdings in Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after buying an additional 57,043,701 shares in the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. Tigress Financial cut their target price on Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, November 2nd. Wolfe Research cut their target price on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Sanford C. Bernstein cut their target price on Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. New Street Research started coverage on Amazon.com in a research report on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price for the company. Finally, Erste Group Bank downgraded Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $145.56.

Insider Activity

In other news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Brian T. Olsavsky sold 15,240 shares of Amazon.com stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $1,432,560.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $4,606,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold 52,428 shares of company stock worth $5,077,578 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 1.2 %

AMZN stock opened at $96.32 on Wednesday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $90.65 and its 200-day moving average is $109.96. The firm has a market capitalization of $982.62 billion, a PE ratio of 88.41, a P/E/G ratio of 3.06 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the prior year, the business earned $0.31 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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