Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Allstate Corp

Allstate Corp boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3,305.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 280,501 shares of the e-commerce giant’s stock after acquiring an additional 272,264 shares during the period. Amazon.com accounts for about 1.8% of Allstate Corp’s portfolio, making the stock its 11th largest holding. Allstate Corp’s holdings in Amazon.com were worth $61,539,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB raised its position in Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC purchased a new stake in Amazon.com in the third quarter valued at approximately $279,000. Howard Capital Management Group LLC raised its position in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after purchasing an additional 897 shares during the period. Principal Financial Group Inc. raised its position in Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock valued at $3,757,589,000 after purchasing an additional 984,570 shares during the period. Finally, Strengthening Families & Communities LLC increased its position in shares of Amazon.com by 2.4% during the third quarter. Strengthening Families & Communities LLC now owns 53,010 shares of the e-commerce giant’s stock worth $9,877,000 after acquiring an additional 1,241 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.7 %

Shares of AMZN stock opened at $187.70 on Tuesday. The business’s fifty day moving average price is $192.74 and its 200 day moving average price is $208.04. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market capitalization of $1.99 trillion, a PE ratio of 33.94, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98 % 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, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Jefferies Financial Group cut their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Maxim Group upped their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Loop Capital upped their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Barclays upped their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $246.73.

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.