Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Bayesian Capital Management LP

Bayesian Capital Management LP lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 63.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,100 shares of the e-commerce giant’s stock after buying an additional 10,500 shares during the period. Amazon.com comprises approximately 0.6% of Bayesian Capital Management LP’s portfolio, making the stock its 25th biggest position. Bayesian Capital Management LP’s holdings in Amazon.com were worth $3,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its stake in shares of 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 worth $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amazon.com by 1,838.8% during 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 during the last quarter. FMR LLC grew its stake in shares of 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 increased its holdings 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 worth $10,089,669,000 after buying an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Amazon.com by 1,944.4% during 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 acquiring an additional 57,043,701 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insider Buying and Selling

In other Amazon.com 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 transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock valued at $6,994,626 over the last three months. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Erste Group Bank downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. New Street Research began coverage on Amazon.com in a research note on Wednesday, January 4th. They set a “buy” rating and a $130.00 price target for the company. Wolfe Research raised their price objective on Amazon.com from $115.00 to $130.00 in a research note on Friday, February 3rd. Wells Fargo & Company decreased their target price on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Finally, Moffett Nathanson began coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.87.

Amazon.com Stock Down 1.6 %

Shares of NASDAQ AMZN opened at $90.73 on Monday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The firm’s 50-day moving average is $95.85 and its 200-day moving average is $102.56. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $929.73 billion, a PE ratio of -338.53, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data 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 business had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current year.

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.