Simmons Bank Acquires 2,918 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Simmons Bank raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 108,876 shares of the e-commerce giant’s stock after purchasing an additional 2,918 shares during the quarter. Amazon.com makes up approximately 1.1% of Simmons Bank’s holdings, making the stock its 13th largest holding. Simmons Bank’s holdings in Amazon.com were worth $12,303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. State Street Corp increased 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 valued at $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD increased 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 valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC increased 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 valued at $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Northern Trust Corp increased 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 valued at $10,089,669,000 after buying an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc increased 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 valued at $6,370,223,000 after buying an additional 57,043,701 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMZN. Barclays reduced their target price on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Benchmark reduced their target price on shares of Amazon.com from $160.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Moffett Nathanson began coverage on shares of Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 target price for the company. MKM Partners reduced their target price on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. Finally, Wolfe Research reduced their target price on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

Amazon.com Stock Up 0.3 %

Shares of AMZN opened at $97.52 on Tuesday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The firm’s 50 day moving average is $90.70 and its 200-day moving average is $110.10. The stock has a market capitalization of $994.87 billion, a PE ratio of 89.51, a P/E/G ratio of 3.06 and a beta of 1.22. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

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

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the transaction, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at $50,142,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the transaction, the chief executive officer now directly owns 533,435 shares in the company, valued at $50,142,890. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,428 shares of company stock valued at $5,077,578. 12.70% of the stock is currently owned by company insiders.

Amazon.com Profile

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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.

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

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