Ensign Peak Advisors Inc Has $1.98 Billion Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ensign Peak Advisors Inc reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,008,780 shares of the e-commerce giant’s stock after selling 252,807 shares during the quarter. Amazon.com accounts for 3.5% of Ensign Peak Advisors Inc’s portfolio, making the stock its 4th largest position. Ensign Peak Advisors Inc owned about 0.09% of Amazon.com worth $1,976,436,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Ethic Inc. increased its stake in shares of Amazon.com by 15.3% during the fourth quarter. Ethic Inc. now owns 658,824 shares of the e-commerce giant’s stock valued at $144,539,000 after acquiring an additional 87,390 shares during the period. Ewing Morris & Co. Investment Partners Ltd. bought a new position in Amazon.com during the 4th quarter valued at $3,310,000. FACT Capital LP boosted its stake in Amazon.com by 161.0% during the 4th quarter. FACT Capital LP now owns 152,473 shares of the e-commerce giant’s stock valued at $33,451,000 after purchasing an additional 94,044 shares in the last quarter. Fairview Capital Investment Management LLC increased its position in shares of Amazon.com by 0.4% during the 4th quarter. Fairview Capital Investment Management LLC now owns 198,753 shares of the e-commerce giant’s stock valued at $43,604,000 after purchasing an additional 779 shares during the period. Finally, Fiduciary Trust Co raised its stake in shares of Amazon.com by 1.6% in the 4th quarter. Fiduciary Trust Co now owns 620,250 shares of the e-commerce giant’s stock worth $136,077,000 after buying an additional 9,769 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now owns 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 1.0%

Amazon.com stock opened at $200.99 on Monday. The stock has a 50 day moving average of $190.05 and a two-hundred day moving average of $208.80. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on AMZN shares. BNP Paribas raised shares of Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Piper Sandler reaffirmed an “overweight” rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wells Fargo & Company reduced their target price on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

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.