Aviva PLC Boosts Stock Holdings in Amazon.com, Inc. $AMZN

Aviva PLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,279,378 shares of the e-commerce giant’s stock after purchasing an additional 566,039 shares during the quarter. Amazon.com comprises 3.3% of Aviva PLC’s portfolio, making the stock its 4th largest position. Aviva PLC owned approximately 0.07% of Amazon.com worth $1,597,023,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the 2nd quarter valued at about $27,000. Maryland Capital Advisors Inc. raised its position in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new position in Amazon.com during the 2nd quarter valued at about $48,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Amazon.com during the 1st quarter valued at about $59,000. Finally, Access Investment Management LLC bought a new position in Amazon.com during the 2nd quarter valued at about $74,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Daiwa Capital Markets boosted their price objective on shares of Amazon.com from $254.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Wolfe Research raised their target price on shares of Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. HSBC boosted their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Morgan Stanley reissued an “overweight” rating and issued a $315.00 target price (up from $300.00) on shares of Amazon.com in a research report on Friday, October 31st. Finally, The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $296.11.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the transaction, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the transaction, the director owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. This represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,234 shares of company stock worth $19,076,767 over the last three months. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Down 1.4%

Shares of AMZN opened at $229.11 on Friday. The firm has a market cap of $2.45 trillion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company has a 50 day simple moving average of $228.38 and a two-hundred day simple moving average of $223.65.

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

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.