Hussman Strategic Advisors Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,600 shares of the e-commerce giant’s stock after selling 3,100 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Amazon.com were worth $1,562,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after buying an additional 12,456,995 shares in the last quarter. State Street Corp grew its stake in shares of Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after buying an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 purchasing an additional 295,880,050 shares in the last quarter. FMR LLC grew its stake in 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 valued at $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Finally, Northern Trust Corp grew its stake in 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 valued at $10,089,669,000 after purchasing an additional 90,167,792 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on AMZN shares. Susquehanna raised their price objective on Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Friday, February 3rd. Moffett Nathanson lowered their price objective on Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a research note on Monday, April 24th. Bank of America raised their price objective on Amazon.com from $135.00 to $139.00 in a research note on Friday, April 28th. Truist Financial lifted their target price on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Finally, Cowen lifted their target price on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $143.12.
Insider Buying and Selling at Amazon.com
Amazon.com Stock Up 1.5 %
NASDAQ:AMZN opened at $116.75 on Thursday. The firm has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 277.98, a PEG ratio of 4.00 and a beta of 1.26. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $104.89 and its 200 day moving average price is $97.55.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. Amazon.com’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share 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.
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