Amazon.com, Inc. $AMZN Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,339,164 shares of the e-commerce giant’s stock after selling 548,522 shares during the quarter. Amazon.com makes up about 3.1% of Ensign Peak Advisors Inc’s portfolio, making the stock its 5th biggest holding. Ensign Peak Advisors Inc owned 0.08% of Amazon.com worth $1,829,529,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Artisan Partners Limited Partnership lifted its stake in shares of Amazon.com by 41.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,489,499 shares of the e-commerce giant’s stock worth $984,951,000 after buying an additional 1,310,261 shares during the last quarter. Empirical Finance LLC raised its holdings in Amazon.com by 3.7% in the 2nd quarter. Empirical Finance LLC now owns 333,086 shares of the e-commerce giant’s stock valued at $73,076,000 after acquiring an additional 11,997 shares during the period. Nicholas Wealth LLC. lifted its position in Amazon.com by 24.1% during the second quarter. Nicholas Wealth LLC. now owns 16,211 shares of the e-commerce giant’s stock worth $3,557,000 after acquiring an additional 3,151 shares during the last quarter. Intrepid Financial Planning Group LLC boosted its holdings in shares of Amazon.com by 0.4% during the second quarter. Intrepid Financial Planning Group LLC now owns 16,441 shares of the e-commerce giant’s stock worth $3,607,000 after acquiring an additional 70 shares during the period. Finally, Alteri Wealth LLC grew its position in shares of Amazon.com by 3.2% in the second quarter. Alteri Wealth LLC now owns 26,552 shares of the e-commerce giant’s stock valued at $5,825,000 after purchasing an additional 832 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMZN. Stifel Nicolaus lifted their price target on Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Maxim Group lifted their target price on Amazon.com from $272.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Evercore ISI raised their price target on shares of Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Amazon.com in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Trading Up 0.5%

Shares of AMZN stock opened at $227.92 on Wednesday. The stock’s fifty day moving average price is $228.84 and its two-hundred day moving average price is $224.47. The company has a market cap of $2.44 trillion, a PE ratio of 32.19, a P/E/G ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

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

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This represents a 4.52% 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 the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 82,234 shares of company stock valued at $19,076,767. Corporate insiders own 10.80% of the company’s stock.

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.