E Fund Management Co. Ltd. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,954 shares of the e-commerce giant’s stock after selling 4,928 shares during the period. Amazon.com makes up about 0.7% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 29th biggest position. E Fund Management Co. Ltd.’s holdings in Amazon.com were worth $8,981,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its stake in 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 purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in 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 valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC boosted its stake 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 during the period. Moneta Group Investment Advisors LLC increased its holdings in shares of Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares during the last quarter. Finally, Norges Bank bought a new position in Amazon.com during the 4th quarter worth $8,263,591,000. Institutional investors own 57.96% of the company’s stock.
Amazon.com Trading Down 1.4 %
NASDAQ AMZN opened at $135.36 on Thursday. The stock’s fifty day moving average price is $133.41 and its 200-day moving average price is $116.96. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.40 trillion, a P/E ratio of 106.58, a P/E/G ratio of 1.83 and a beta of 1.24. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $143.63.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Amazon.com from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Credit Suisse Group raised their price objective on shares of Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Jefferies Financial Group raised their target price on Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. TD Cowen boosted their price objective on Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Citigroup raised their price target on shares of Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.87.
In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,034,948.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the transaction, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The disclosure for this sale can be found here. Insiders sold 1,365,829 shares of company stock valued at $49,002,857 over the last three months. Insiders own 12.70% of the company’s stock.
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.
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