Austin Asset Management Co Inc grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,518 shares of the e-commerce giant’s stock after acquiring an additional 380 shares during the period. Amazon.com accounts for 0.2% of Austin Asset Management Co Inc’s holdings, making the stock its 25th largest position. Austin Asset Management Co Inc’s holdings in Amazon.com were worth $838,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares in the last quarter. State Street Corp raised its position in shares of Amazon.com by 1.2% in the second quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock valued at $43,784,000,000 after buying an additional 3,970,330 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC raised its position in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Amazon.com by 2.9% in the second quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock valued at $22,116,108,000 after buying an additional 4,842,542 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Amazon.com
In other news, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the sale, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The disclosure for this sale can be found here. Insiders sold a total of 32,210,010 shares of company stock valued at $5,505,133,106 over the last three months. Corporate insiders own 12.30% of the company’s stock.
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $178.87 on Friday. The firm’s 50-day moving average price is $168.24 and its 200-day moving average price is $150.01. Amazon.com, Inc. has a 1-year low of $96.29 and a 1-year high of $181.41. The firm has a market capitalization of $1.86 trillion, a P/E ratio of 61.68, a P/E/G ratio of 1.55 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on AMZN shares. Oppenheimer lifted their price target on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity Group lifted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC lifted their price objective on shares of Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $197.95.
Check Out Our Latest Stock Report on AMZN
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.
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