International Assets Investment Management LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

International Assets Investment Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,070 shares of the e-commerce giant’s stock after buying an additional 9,108 shares during the quarter. International Assets Investment Management LLC’s holdings in Amazon.com were worth $23,865,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares during the last quarter. FMR LLC raised its holdings in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after buying an additional 12,176,114 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Amazon.com during the third quarter worth about $610,138,000. Finally, Northern Trust Corp increased its position in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday. Evercore ISI upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Finally, Truist Financial increased their price target on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $211.07.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $186.21 on Friday. The company has a market cap of $1.94 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $103.31 and a 12-month high of $189.77. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $179.02 and a two-hundred day moving average price of $160.32.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 4.55 EPS for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.