Axa S.A. Has $606.86 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Axa S.A. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,370,469 shares of the e-commerce giant’s stock after purchasing an additional 138,373 shares during the period. Amazon.com accounts for about 2.4% of Axa S.A.’s holdings, making the stock its 3rd largest holding. Axa S.A. owned about 0.05% of Amazon.com worth $606,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bassett Hargrove Investment Counsel LLC bought a new position in Amazon.com during the 3rd quarter valued at approximately $2,120,000. Asset Management One Co. Ltd. increased its position in Amazon.com by 0.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after buying an additional 32,781 shares in the last quarter. West Coast Financial LLC bought a new position in Amazon.com during the 3rd quarter valued at approximately $210,000. Gulf International Bank UK Ltd increased its position in Amazon.com by 1.0% during the 3rd quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock valued at $172,544,000 after buying an additional 15,640 shares in the last quarter. Finally, Abundance Wealth Counselors boosted its stake in Amazon.com by 2.9% during the 3rd quarter. Abundance Wealth Counselors now owns 25,820 shares of the e-commerce giant’s stock valued at $2,918,000 after purchasing an additional 737 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Down 1.2 %

Shares of NASDAQ:AMZN opened at $93.75 on Tuesday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The business has a 50 day simple moving average of $95.10 and a two-hundred day simple moving average of $103.74. The firm 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 debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72.

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

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the transaction, the chief executive officer now owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at $54,478,861.50. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock valued at $6,994,626 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on AMZN. Oppenheimer increased their target price on Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. JPMorgan Chase & Co. increased their target price on Amazon.com from $130.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Truist Financial cut their target price on Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Wells Fargo & Company cut their target price on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Finally, Erste Group Bank downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Two research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.87.

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.