Capital International Investors boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,287,220 shares of the e-commerce giant’s stock after purchasing an additional 50,365 shares during the quarter. Amazon.com comprises about 2.7% of Capital International Investors’ holdings, making the stock its 5th biggest holding. Capital International Investors’ holdings in Amazon.com were worth $7,922,097,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. NewSquare Capital LLC lifted its stake in shares of Amazon.com by 533.3% in the 4th quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock worth $35,000 after purchasing an additional 16 shares during the period. ERTS Wealth Advisors LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $35,000. Birch Capital Management LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $46,000. Capital Wealth Alliance LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $58,000. Finally, Pflug Koory LLC raised its stake in Amazon.com by 30.8% during the 4th quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after acquiring an additional 8 shares during the period. 56.69% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Shelley Reynolds sold 380 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $2,135.14, for a total transaction of $811,353.20. Following the completion of the sale, the vice president now directly owns 6,307 shares in the company, valued at $13,466,327.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey P. Bezos sold 364,684 shares of Amazon.com stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $2,036.42, for a total value of $742,649,791.28. Following the sale, the chief executive officer now owns 57,001,001 shares of the company’s stock, valued at $116,077,978,456.42. The disclosure for this sale can be found here. Insiders have sold 724,962 shares of company stock valued at $1,482,615,847 over the last ninety days. 16.10% of the stock is owned by insiders.
A number of equities research analysts have commented on AMZN shares. Credit Suisse Group raised their target price on shares of Amazon.com from $2,100.00 to $2,400.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Benchmark reaffirmed a “buy” rating and set a $2,300.00 price objective (up from $2,100.00) on shares of Amazon.com in a report on Monday, January 27th. Cfra increased their price objective on shares of Amazon.com from $1,950.00 to $2,300.00 and gave the company a “buy” rating in a report on Friday, January 31st. Robert W. Baird increased their price objective on shares of Amazon.com from $2,080.00 to $2,275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Citigroup increased their price objective on shares of Amazon.com from $2,200.00 to $2,400.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $2,333.20.
NASDAQ AMZN traded up $33.82 on Thursday, hitting $1,919.66. 2,644,776 shares of the stock were exchanged, compared to its average volume of 7,868,159. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.10. The stock has a fifty day moving average price of $1,967.51 and a two-hundred day moving average price of $1,843.56. The firm has a market capitalization of $938.79 billion, a P/E ratio of 83.43, a P/E/G ratio of 2.73 and a beta of 1.55. Amazon.com, Inc. has a 52-week low of $1,626.03 and a 52-week high of $2,185.95.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, January 30th. The e-commerce giant reported $6.47 EPS for the quarter, topping the consensus estimate of $3.98 by $2.49. The company had revenue of $87.44 billion during the quarter, compared to analyst estimates of $86.09 billion. Amazon.com had a net margin of 4.13% and a return on equity of 21.07%. Amazon.com’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.04 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 27.36 earnings per share for the current fiscal year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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