Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Zacks Investment Management

Zacks Investment Management increased its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 629,674 shares of the e-commerce giant’s stock after purchasing an additional 22,361 shares during the period. Amazon.com comprises about 1.1% of Zacks Investment Management’s investment portfolio, making the stock its 24th biggest holding. Zacks Investment Management’s holdings in Amazon.com were worth $71,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC boosted its stake in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd boosted its stake in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. boosted its stake in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp boosted its stake in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC boosted its stake in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Truist Financial decreased their target price on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. UBS Group lifted their target price on shares of Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. New Street Research initiated coverage on shares of Amazon.com in a research note on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price for the company. Cowen lifted their target price on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, December 1st. Finally, JMP Securities reissued a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a research note on Friday, February 3rd. Two equities 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, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $144.87.

Insider Activity

In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were 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 in the company, valued at $13,837,377.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, 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. In the last three months, insiders have sold 71,394 shares of company stock worth $6,994,626. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $92.25 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The firm’s 50-day simple moving average is $95.71 and its 200-day simple moving average is $103.29. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The firm has a market cap of $945.31 billion, a P/E ratio of -341.67, a price-to-earnings-growth ratio of 3.86 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued 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 negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter last year, the firm posted $1.39 earnings per share. Amazon.com’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 1.34 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 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.