Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,069.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 221,325 shares of the e-commerce giant’s stock after acquiring an additional 211,123 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Amazon.com were worth $23,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Jennison Associates LLC lifted its position in 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 acquiring an additional 45,560,351 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted 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 buying an additional 26,375,927 shares during the period. New York State Teachers Retirement System lifted 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 buying an additional 9,830,359 shares during the period. Brown Advisory Inc. lifted 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 buying an additional 9,129,976 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted 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 buying an additional 9,046,135 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.

Amazon.com Trading Down 1.8 %

Shares of Amazon.com stock opened at $92.46 on Tuesday. The firm has a market capitalization of $943.24 billion, a price-to-earnings ratio of 84.86, a PEG ratio of 6.29 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 $185.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The stock has a 50 day moving average of $109.80 and a 200 day moving average of $116.91.

Amazon.com (NASDAQ:AMZNGet Rating) last issued 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 company had revenue of $127.10 billion during 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%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $114.61, for a total transaction of $59,597.20. Following the transaction, the chief executive officer now directly owns 114,660 shares in the company, valued at $13,141,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares in the company, valued at $53,844,078.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $114.61, for a total value of $59,597.20. Following the transaction, the chief executive officer now owns 114,660 shares in the company, valued at $13,141,182.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 269,412 shares of company stock worth $7,914,139. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Rosenblatt Securities decreased their price objective on Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Monday, November 14th. Wells Fargo & Company decreased their price objective on Amazon.com from $200.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Raymond James decreased their price objective on Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Atlantic Securities decreased their price objective on Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Finally, Monness Crespi & Hardt reduced their price target on Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $150.89.

About Amazon.com

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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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