Acadian Asset Management LLC Increases Stake in Amazon.com, Inc. $AMZN

Acadian Asset Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,409,759 shares of the e-commerce giant’s stock after purchasing an additional 868,747 shares during the quarter. Amazon.com comprises approximately 2.5% of Acadian Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Acadian Asset Management LLC owned approximately 0.05% of Amazon.com worth $1,186,808,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after acquiring an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE raised its holdings in shares of Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com in the 4th quarter valued at about $2,153,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the sale, the chief executive officer owned 505,934 shares of the company’s stock, valued at $117,993,927.48. The trade was a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 82,234 shares of company stock valued at $19,076,767. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $229.11 on Friday. The company has a 50-day moving average price of $228.38 and a 200-day moving average price of $223.65. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 32.36, a PEG ratio of 1.60 and a beta of 1.37. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the previous year, the company earned $1.43 EPS. Amazon.com’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Susquehanna set a $300.00 target price on Amazon.com and gave the company a “positive” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Amazon.com in a research report on Monday. Daiwa Capital Markets boosted their target price on shares of Amazon.com from $254.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Stifel Nicolaus raised their price objective on shares of Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Barclays reiterated an “overweight” rating and issued a $300.00 price objective (up previously from $275.00) on shares of Amazon.com in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.11.

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.