Amazon.com, Inc. (NASDAQ:AMZN) is Bank of New York Mellon Corp’s 3rd Largest Position

Bank of New York Mellon Corp cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,391,307 shares of the e-commerce giant’s stock after selling 1,221,930 shares during the quarter. Amazon.com comprises approximately 1.7% of Bank of New York Mellon Corp’s investment portfolio, making the stock its 3rd biggest position. Bank of New York Mellon Corp owned 0.73% of Amazon.com worth $7,683,878,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after acquiring an additional 12,456,995 shares in the last quarter. State Street Corp raised its position in shares of Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after acquiring an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD raised 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 acquiring an additional 295,880,050 shares in the last quarter. FMR LLC raised 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 acquiring an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 161,534,790 shares of the e-commerce giant’s stock worth $13,541,345,000 after buying an additional 3,875,615 shares during the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the transaction, the chief executive officer now owns 510,301 shares of the company’s stock, valued at approximately $71,952,441. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Douglas J. Herrington sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $141.00, for a total value of $7,050,000.00. Following the sale, the chief executive officer now owns 510,301 shares of the company’s stock, valued at approximately $71,952,441. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 70,056 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total value of $9,798,032.16. Following the completion of the sale, the chief executive officer now owns 104,864 shares in the company, valued at $14,666,279.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,366,329 shares of company stock valued at $48,990,512 in the last quarter. Insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $134.91 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $143.63. The business has a 50 day moving average price of $132.36 and a two-hundred day moving average price of $115.49. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.39 trillion, a PE ratio of 106.23, a price-to-earnings-growth ratio of 1.77 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Sell-side analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI raised their price target on Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Sanford C. Bernstein lifted their price target on Amazon.com from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Barclays lifted their price target on Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Benchmark lifted their price objective on Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Mizuho boosted their price target on Amazon.com from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.87.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.