Glass Jacobson Investment Advisors llc purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,683 shares of the e-commerce giant’s stock, valued at approximately $645,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. State Street Corp increased its position in shares of Amazon.com by 1,869.1% during 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 purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position 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 worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC increased its position in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Amazon.com by 1,867.0% during 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 acquiring an additional 90,167,792 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Amazon.com by 1,909.7% during the 2nd quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock worth $4,219,876,000 after acquiring an additional 37,754,468 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.
Wall Street Analysts Forecast Growth
AMZN has been the subject of several research analyst reports. Oppenheimer reduced their target price on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. Wolfe Research lifted their target price on Amazon.com from $130.00 to $140.00 in a research note on Friday, April 28th. Bank of America boosted their price target on Amazon.com from $135.00 to $139.00 in a research note on Friday, April 28th. DA Davidson boosted their price target on Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Wedbush boosted their price target on Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $143.12.
Insider Activity at Amazon.com
Amazon.com Stock Down 1.7 %
Shares of NASDAQ:AMZN opened at $110.26 on Friday. The firm has a market cap of $1.13 trillion, a P/E ratio of 262.52, a PEG ratio of 3.73 and a beta of 1.26. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The business’s 50 day simple moving average is $101.42 and its two-hundred day simple moving average is $96.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The firm had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 1.54 EPS for the current fiscal year.
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.
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
- MarketBeat Week in Review – 5/8 – 5/12
- An Updraft Is Brewing For DraftKings
- PepsiCo Hits “Sweet Spot” For APAC Growth, Macros Agree
- High-Risk Mullen Automotive Continues To Build Momentum
- 3 Recession-Proof Stocks With Nice Dividends
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.