Iowa State Bank raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 44.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 366 shares of the e-commerce giant’s stock after buying an additional 113 shares during the quarter. Iowa State Bank’s holdings in Amazon.com were worth $676,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Nuveen Asset Management LLC boosted its holdings in shares of Amazon.com by 3,787.4% during the second quarter. Nuveen Asset Management LLC now owns 3,590,645 shares of the e-commerce giant’s stock worth $6,799,352,000 after purchasing an additional 3,498,279 shares during the last quarter. Johanson Financial Advisors Inc. boosted its holdings in shares of Amazon.com by 185,502.2% during the fourth quarter. Johanson Financial Advisors Inc. now owns 2,095,449 shares of the e-commerce giant’s stock worth $1,134,000 after purchasing an additional 2,094,320 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Amazon.com by 32.2% during the third quarter. California Public Employees Retirement System now owns 901,471 shares of the e-commerce giant’s stock worth $1,564,873,000 after purchasing an additional 219,380 shares during the last quarter. State Street Corp boosted its holdings in shares of Amazon.com by 0.8% during the third quarter. State Street Corp now owns 16,705,952 shares of the e-commerce giant’s stock worth $29,000,029,000 after purchasing an additional 138,504 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in shares of Amazon.com by 314.8% during the third quarter. Voloridge Investment Management LLC now owns 156,440 shares of the e-commerce giant’s stock worth $271,566,000 after purchasing an additional 118,721 shares during the last quarter. Hedge funds and other institutional investors own 56.40% of the company’s stock.
Several research firms have recently issued reports on AMZN. Macquarie set a $2,200.00 price objective on Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Zacks Investment Research upgraded Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 price objective on the stock in a report on Wednesday, September 25th. Credit Suisse Group restated an “outperform” rating and set a $2,100.00 price objective (down previously from $2,400.00) on shares of Amazon.com in a report on Friday, October 25th. Finally, Benchmark decreased their price objective on Amazon.com from $2,300.00 to $2,100.00 and set a “buy” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,177.07.
In related news, Director Judith A. Mcgrath sold 304 shares of Amazon.com stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total value of $531,972.64. Following the completion of the transaction, the director now directly owns 2,324 shares in the company, valued at $4,066,790.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $1,750.66, for a total value of $663,500.14. Following the completion of the transaction, the vice president now owns 6,307 shares of the company’s stock, valued at $11,041,412.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,196 shares of company stock worth $17,869,618. Corporate insiders own 16.10% of the company’s stock.
Shares of NASDAQ AMZN traded up $9.77 during midday trading on Tuesday, reaching $1,874.49. 1,868,603 shares of the company’s stock were exchanged, compared to its average volume of 3,137,232. Amazon.com, Inc. has a 52-week low of $1,566.76 and a 52-week high of $2,035.80. The stock has a market capitalization of $923.51 billion, a PE ratio of 83.02, a price-to-earnings-growth ratio of 2.59 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10. The business’s fifty day moving average price is $1,824.16 and its two-hundred day moving average price is $1,817.05.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion for the quarter, compared to analysts’ expectations of $68.72 billion. During the same period in the previous year, the firm posted $5.75 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 20.51 earnings per share for the current fiscal year.
Amazon.com Company Profile
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.
