Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Northern Trust Corp

Northern Trust Corp raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,076,276 shares of the e-commerce giant’s stock after acquiring an additional 11,926,749 shares during the quarter. Amazon.com makes up 3.0% of Northern Trust Corp’s investment portfolio, making the stock its 4th largest position. Northern Trust Corp owned approximately 0.92% of Amazon.com worth $21,297,564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bard Financial Services Inc. increased its holdings in shares of Amazon.com by 0.9% during the 4th quarter. Bard Financial Services Inc. now owns 55,690 shares of the e-commerce giant’s stock worth $12,218,000 after buying an additional 475 shares during the last quarter. Iowa State Bank boosted its stake in Amazon.com by 1.3% in the fourth quarter. Iowa State Bank now owns 47,054 shares of the e-commerce giant’s stock valued at $10,323,000 after acquiring an additional 602 shares during the period. Kozak & Associates Inc. lifted its position in Amazon.com by 3.7% in the 4th quarter. Kozak & Associates Inc. now owns 83,736 shares of the e-commerce giant’s stock valued at $18,773,000 after purchasing an additional 2,950 shares during the last quarter. Insight Wealth Strategies LLC raised its stake in Amazon.com by 1.0% during the 4th quarter. Insight Wealth Strategies LLC now owns 27,811 shares of the e-commerce giant’s stock valued at $6,101,000 after acquiring an additional 265 shares in the last quarter. Finally, Fortem Financial Group LLC increased its stake in shares of Amazon.com by 7.8% during the fourth quarter. Fortem Financial Group LLC now owns 21,076 shares of the e-commerce giant’s stock valued at $4,624,000 after acquiring an additional 1,526 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $206.16 on Tuesday. The firm has a market cap of $2.19 trillion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm’s fifty day moving average is $189.48 and its 200-day moving average is $208.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. Amazon.com’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Jefferies Financial Group lowered their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Maxim Group raised their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Tigress Financial lifted their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, Truist Financial cut their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.09.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,081 shares of company stock valued at $17,421,044. 9.70% of the stock is owned by corporate insiders.

About Amazon.com

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.