Stevens Capital Management LP boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 214.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,655 shares of the e-commerce giant’s stock after acquiring an additional 22,967 shares during the quarter. Amazon.com comprises about 1.6% of Stevens Capital Management LP’s investment portfolio, making the stock its 16th biggest holding. Stevens Capital Management LP’s holdings in Amazon.com were worth $6,403,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC raised its position in Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its position in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Norges Bank bought a new stake in Amazon.com in the fourth quarter worth about $27,266,582,000. Finally, Northern Trust Corp raised its position in Amazon.com by 14.0% in the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant’s stock worth $21,297,564,000 after acquiring an additional 11,926,749 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.
Amazon.com Trading Up 3.1%
NASDAQ:AMZN opened at $228.84 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock’s 50-day moving average is $222.63 and its two-hundred day moving average is $207.85. The stock has a market cap of $2.44 trillion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31.
Insider Buying and Selling
In other news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares of the company’s stock, valued at approximately $118,542,441.60. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492 in the last ninety days. Company insiders own 10.80% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on AMZN shares. Morgan Stanley restated an “overweight” rating and set a $300.00 price objective on shares of Amazon.com in a report on Thursday, August 14th. Cantor Fitzgerald boosted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Pivotal Research boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Wells Fargo & Company boosted their price objective on Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Stifel Nicolaus boosted their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $262.87.
Check Out Our Latest Report on Amazon.com
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.
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