Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,791,699 shares of the e-commerce giant’s stock after acquiring an additional 81,716 shares during the period. Amazon.com comprises about 3.1% of IFM Investors Pty Ltd’s holdings, making the stock its 3rd largest holding. IFM Investors Pty Ltd’s holdings in Amazon.com were worth $233,566,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC boosted its holdings in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. raised its holdings in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners boosted its stake in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the sale, the senior vice president now directly owns 64,380 shares in the company, valued at $9,343,469.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the sale, the senior vice president now owns 64,380 shares in the company, valued at approximately $9,343,469.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $130.53, for a total transaction of $65,265.00. Following the transaction, the chief executive officer now directly owns 104,520 shares of the company’s stock, valued at $13,642,995.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,408,645 shares of company stock worth $55,208,288. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 6.8 %

NASDAQ:AMZN opened at $127.74 on Friday. The business’s 50-day simple moving average is $132.28 and its 200-day simple moving average is $125.56. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The stock has a market capitalization of $1.32 trillion, a PE ratio of 66.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 3.62% and a return on equity of 13.29%. The company had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Sell-side analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMZN. JPMorgan Chase & Co. increased their price objective on Amazon.com from $145.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of Amazon.com in a research report on Friday. Benchmark raised their price objective on shares of Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Roth Mkm boosted their target price on Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $175.00 price target on shares of Amazon.com in a report on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating and forty-two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.00.

About Amazon.com

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.