Pine Valley Investment Limited Liability Company was the largest shareholder in Amazon.com Inc. (NASDAQ:AMZN – Free Report) in the third quarter, according to the company’s most recent 13F filing with the Securities and Exchange Commission. ) increased its holdings by 16.7%. The fund now owns 113,554 shares of the e-commerce giant’s stock after acquiring an additional 16,232 shares during the period. Amazon.com accounts for about 1.3% of Pine Valley Investments Limited Liability Company’s holdings, making it his 14th largest holding in the company. Pine Valley Investment Limited Liability Company’s Amazon.com stock was valued at $14.435 million as of its latest SEC filing.
A number of other institutional investors have also recently modified their positions in AMZN. State Street Corporation increased its holdings in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corporation now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. There is. Price T Rowe Associates Inc. MD raised his position in Amazon.com by his 1,838.8% in the 2nd quarter. The Price T Rowe Associates Inc. MD now owns 311.97 million shares of the e-commerce giant’s stock valued at $3134,481,000 after purchasing an additional 295,880,050 shares during the period. He owns 1,394 shares. FMR LLC boosted its position at Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC increased its position in Amazon.com by 120,235.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares during the period. Finally, Norges Bank purchased a new stake in Amazon.com during the 4th quarter valued at approximately $8,263,591,000. Institutional investors own 57.96% of the company’s stock.
Analyst upgrades and downgrades
A number of brokerages have commented on AMZN recently. Sanford C. Bernstein increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Tigress Financial increased their target price on shares of Amazon.com from $204.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Royal Bank of Canada increased their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Monness Crespi & Hardt increased their target price on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a report on Friday, February 2nd. 1 equity research analyst has rated the stock with a hold rating, 43 have rated it a buy, and 1 has given a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and an average price target of $197.95, according to MarketBeat data.
Get the latest report on Amazon.com
Insider buying and selling on Amazon.com
In other Amazon.com news, Vice President Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the closing, the vice president will now own 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this link. In other news, Vice President Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Also, SVP David Zapolsky sold 10,920 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $169.21, for a total transaction of $1,847,773.20. Following the sale, the senior vice president will now directly own 59,100 shares of the company’s stock, valued at approximately $10,000,311. Disclosures regarding this sale can be found here. In the last quarter, an insider sold 32,155,454 shares of the company’s stock valued at $5,495,283,506. Company insiders own 12.30% of the company’s stock.
Amazon.com Stock up 0.2%
AMZN began trading at $174.99 on Monday. Amazon.com’s 52-week low is $88.12 and 52-week high is $175.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84, and a current ratio of 1.05. The company’s 50 day moving average is $159.13 and its 200 day moving average is $144.86. The stock has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 60.34x, a PEG ratio of 1.54x, and a beta of 1.14x.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net profit margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. The company’s earnings per share for the same period last year were $0.21. The company’s revenue for the quarter increased 13.9% year over year. On average, research analysts expect Amazon.com to post earnings of $4.06 per share for the current fiscal year.
Amazon.com Company Profile
(Free report)
Amazon.com, Inc provides retail sales and subscription services for consumer products through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The Company’s products offered through its stores include items and content purchased for resale. and products offered by third-party sellers.
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