Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by First Personal Financial Services

First Personal Financial Services increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 50.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,666 shares of the e-commerce giant’s stock after acquiring an additional 1,226 shares during the period. First Personal Financial Services’ holdings in Amazon.com were worth $414,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Amazon.com by 1,869.1% during 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 purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 1,838.8% during 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 purchasing an additional 295,880,050 shares in the last quarter. FMR LLC raised its stake in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Northern Trust Corp raised its stake in shares of Amazon.com by 1,867.0% during 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 purchasing an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Amazon.com by 1,944.4% during 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 purchasing an additional 57,043,701 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Sanford C. Bernstein lowered their price objective on Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Monness Crespi & Hardt lowered their price objective on Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Wedbush lowered their price objective on Amazon.com from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Robert W. Baird lowered their price objective 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, Benchmark lowered their target price on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.56.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $96.32 on Wednesday. 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 firm has a market capitalization of $982.62 billion, a PE ratio of 88.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. The business’s 50-day moving average price is $90.65 and its 200-day moving average price is $109.96. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

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

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value 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 approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock worth $5,077,578 in the last ninety days. 12.70% of the stock is owned by company insiders.

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.

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

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