Markel Group Inc. Has $263.18 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Markel Group Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,018,860 shares of the e-commerce giant’s stock after purchasing an additional 9,500 shares during the quarter. Amazon.com accounts for about 3.1% of Markel Group Inc.’s portfolio, making the stock its 6th largest position. Markel Group Inc.’s holdings in Amazon.com were worth $263,179,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AMZN. Kavar Capital Partners Group LLC lifted its position in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd lifted its position in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. lifted its position in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp lifted its position in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC lifted its holdings in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Amazon.com Stock Up 0.7 %

AMZN stock opened at $146.13 on Tuesday. The firm’s fifty day simple moving average is $133.78 and its 200-day simple moving average is $130.06. The company has a market capitalization of $1.51 trillion, a P/E ratio of 75.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $147.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.85 EPS for the quarter, beating the consensus estimate of $0.58 by $0.27. The business had revenue of $143.08 billion for the quarter, compared to the consensus estimate of $141.53 billion. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Barclays raised their target price on shares of Amazon.com from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of Amazon.com in a report on Friday, October 27th. JMP Securities restated a “market outperform” rating and issued a $175.00 target price on shares of Amazon.com in a report on Monday, October 16th. UBS Group lowered their target price on shares of Amazon.com from $180.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Finally, Piper Sandler raised their price target on shares of Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.93.

Insider Activity

In related news, SVP David Zapolsky sold 42,816 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the sale, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP David Zapolsky sold 42,816 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the sale, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $139.48, for a total transaction of $557,920.00. Following the sale, the chief executive officer now directly owns 526,316 shares in the company, valued at $73,410,555.68. The disclosure for this sale can be found here. Insiders have sold 67,572 shares of company stock valued at $9,639,169 in the last ninety days. Insiders own 12.30% of the company’s stock.

Amazon.com Company 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.