Benchmark Investment Advisors LLC Has $2.43 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Benchmark Investment Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,535 shares of the e-commerce giant’s stock after selling 205 shares during the period. Amazon.com accounts for about 2.6% of Benchmark Investment Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Benchmark Investment Advisors LLC’s holdings in Amazon.com were worth $2,433,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of 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 worth $34,701,726,000 after buying an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 worth $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 worth $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Northern Trust Corp grew its stake in shares of 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 worth $10,089,669,000 after buying an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of 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 worth $6,370,223,000 after buying an additional 57,043,701 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Performance

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

Amazon.com (NASDAQ:AMZN – Get Rating) last issued 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). 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 the consensus estimate of $145.72 billion. During the same period in the prior year, the business posted $1.39 earnings per share. Amazon.com’s revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

Insider Transactions at Amazon.com

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

Analyst Ratings Changes

Several research firms recently weighed in on AMZN. Tigress Financial restated a “buy” rating and issued a $192.00 price target on shares of Amazon.com in a research note on Thursday, February 9th. 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. Wells Fargo & Company cut their target price on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Wedbush cut their target price on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Finally, Credit Suisse Group increased their target price on Amazon.com from $142.00 to $171.00 and gave the company an “outperform” rating in a research note on Monday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

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.