Primecap Management Co. CA Has $820.91 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Primecap Management Co. CA increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,405,650 shares of the e-commerce giant’s stock after buying an additional 45,400 shares during the period. Primecap Management Co. CA’s holdings in Amazon.com were worth $820,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ERn Financial LLC raised its holdings in shares of Amazon.com by 2.2% in the 2nd quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock worth $3,650,000 after acquiring an additional 413 shares during the last quarter. TriaGen Wealth Management LLC lifted its holdings in shares of Amazon.com by 10.7% in the second quarter. TriaGen Wealth Management LLC now owns 14,938 shares of the e-commerce giant’s stock valued at $2,887,000 after purchasing an additional 1,446 shares in the last quarter. Evolution Wealth Advisors LLC boosted its position in shares of Amazon.com by 5.8% during the second quarter. Evolution Wealth Advisors LLC now owns 100,400 shares of the e-commerce giant’s stock valued at $19,438,000 after buying an additional 5,476 shares during the last quarter. Old Port Advisors raised its position in Amazon.com by 5.0% in the 2nd quarter. Old Port Advisors now owns 7,855 shares of the e-commerce giant’s stock valued at $1,518,000 after buying an additional 371 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Amazon.com by 31.4% in the 2nd quarter. Blue Trust Inc. now owns 49,889 shares of the e-commerce giant’s stock valued at $8,999,000 after buying an additional 11,929 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AMZN shares. Truist Financial upped their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group lifted their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wedbush boosted their target price on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group increased their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Evercore ISI boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Trading Down 0.9 %

NASDAQ:AMZN opened at $219.39 on Thursday. The firm has a market capitalization of $2.31 trillion, a P/E ratio of 46.98, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $211.67 and a 200 day moving average of $193.59.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Amazon.com 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.