Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Peninsula Wealth LLC

Peninsula Wealth LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,150 shares of the e-commerce giant’s stock after buying an additional 441 shares during the quarter. Amazon.com makes up approximately 1.2% of Peninsula Wealth LLC’s portfolio, making the stock its 16th biggest position. Peninsula Wealth LLC’s holdings in Amazon.com were worth $3,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp lifted its stake in Amazon.com by 1,869.1% in the second 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 1,838.8% in the second 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 during the last quarter. FMR LLC lifted its stake in Amazon.com by 1,792.4% in the second 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 during the last quarter. Northern Trust Corp lifted its stake in Amazon.com by 1,867.0% in the second 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 during the last quarter. Finally, Legal & General Group Plc lifted its stake in Amazon.com by 1,944.4% in the second 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 during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. New Street Research began coverage on Amazon.com in a research note on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price objective for the company. Credit Suisse Group upped their price target on Amazon.com from $142.00 to $171.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. Evercore ISI upped their price target on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. JPMorgan Chase & Co. upped their price target on Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Finally, Telsey Advisory Group cut their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, January 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $144.87.

Amazon.com Stock Performance

NASDAQ AMZN opened at $93.75 on Tuesday. The business’s 50-day moving average price is $95.10 and its 200 day moving average price is $103.74. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company has a market capitalization of $960.68 billion, a PE ratio of -349.80, a price-to-earnings-growth ratio of 3.91 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same quarter last year, the company posted $1.39 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock worth $6,994,626 in the last three months. 12.70% of the stock is currently owned by company insiders.

Amazon.com Company Profile

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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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.