Torray LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Torray LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,912.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 76,951 shares of the e-commerce giant’s stock after purchasing an additional 73,127 shares during the quarter. Amazon.com makes up approximately 1.6% of Torray LLC’s portfolio, making the stock its 27th biggest holding. Torray LLC’s holdings in Amazon.com were worth $8,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jennison Associates LLC increased its holdings in shares of Amazon.com by 1,764.2% in the 2nd quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after acquiring an additional 45,560,351 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Amazon.com by 1,923.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after acquiring 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% in the 2nd quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after acquiring an additional 9,830,359 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Amazon.com by 1,644.6% in the 2nd quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after acquiring an additional 9,129,976 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Amazon.com by 1,539.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,633,606 shares of the e-commerce giant’s stock valued at $1,023,183,000 after acquiring an additional 9,046,135 shares during the last quarter. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Cowen lowered their price target on Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, October 28th. StockNews.com began coverage on Amazon.com in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Itau BBA Securities began coverage on Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price objective for the company. Atlantic Securities reduced their price objective on Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Finally, Robert W. Baird reduced their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $150.89.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the transaction, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the transaction, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the transaction, 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. Insiders have sold 269,412 shares of company stock worth $7,914,139 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 0.7 %

NASDAQ:AMZN opened at $94.14 on Monday. The firm has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.48 and a beta of 1.23. Amazon.com, Inc. has a 1-year low of $85.87 and a 1-year high of $188.11. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $110.68 and its 200 day moving average price is $117.08.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating 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 return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Amazon.com Company Profile

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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.

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

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