Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Veriti Management LLC

Veriti Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,062 shares of the e-commerce giant’s stock after purchasing an additional 480 shares during the quarter. Amazon.com accounts for 2.5% of Veriti Management LLC’s portfolio, making the stock its 3rd largest position. Veriti Management LLC’s holdings in Amazon.com were worth $16,957,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMZN. State Street Corp grew its position in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC grew its position in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Northern Trust Corp grew its position in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after acquiring an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after acquiring an additional 57,043,701 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Monness Crespi & Hardt decreased their target price on Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, October 28th. JMP Securities cut their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Raymond James cut their price target on Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Wolfe Research cut their price target on Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, Barclays cut their price target on Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Two research 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $145.87.

Insider Activity

In other news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the transaction, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com 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 completion of the sale, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,428 shares of company stock worth $5,077,578. 12.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $97.25 on Monday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $992.11 billion, a price-to-earnings ratio of 89.26, a PEG ratio of 3.06 and a beta of 1.22. The stock’s fifty day simple moving average is $90.72 and its 200 day simple moving average is $110.23.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.