Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2,686.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 182,092 shares of the e-commerce giant’s stock after acquiring an additional 175,556 shares during the period. Assetmark Inc.’s holdings in Amazon.com were worth $19,340,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. Jennison Associates LLC increased its holdings in shares of Amazon.com by 1,764.2% during the 2nd quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock worth $5,113,256,000 after buying an additional 45,560,351 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock worth $110,725,825,000 after buying an additional 543,744 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Amazon.com by 1,923.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock worth $2,947,054,000 after buying an additional 26,375,927 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Amazon.com by 1,895.2% during the 2nd quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock worth $1,099,172,000 after buying an additional 9,830,359 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Amazon.com by 1,644.6% during the 2nd quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock worth $1,202,879,000 after buying an additional 9,129,976 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the sale, the chief executive officer now owns 114,660 shares in the company, valued at $13,141,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the sale, the chief executive officer now owns 114,660 shares in the company, valued at $13,141,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the completion of the sale, the insider now owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 269,412 shares of company stock worth $7,914,139. 12.70% of the stock is owned by company insiders.

Amazon.com Price Performance

AMZN opened at $94.14 on Monday. The firm has a market cap of $960.38 billion, a price-to-earnings ratio of 86.41, a price-to-earnings-growth ratio of 7.48 and a beta of 1.23. Amazon.com, Inc. has a fifty-two week low of $85.87 and a fifty-two week high of $188.11. The company’s 50-day moving average price is $110.68 and its 200 day moving average price is $117.08. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. DA Davidson dropped their price objective on Amazon.com from $151.00 to $114.00 and set a “buy” rating for the company in a report on Friday, October 28th. Moffett Nathanson started coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price target for the company. StockNews.com started coverage on shares of Amazon.com in a research report on Wednesday, October 12th. They set a “hold” rating for the company. MKM Partners decreased their price target on shares of Amazon.com to $145.00 in a research report on Tuesday, November 1st. Finally, Cowen decreased their price target on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $150.89.

Amazon.com Profile

(Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Recommended Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.