Van ECK Associates Corp Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Van ECK Associates Corp boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,686,078 shares of the e-commerce giant’s stock after buying an additional 108,024 shares during the quarter. Van ECK Associates Corp’s holdings in Amazon.com were worth $190,527,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMZN. Bridgefront Capital LLC acquired a new position in Amazon.com in the first quarter valued at $228,000. Krane Funds Advisors LLC boosted its stake in Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new position in Amazon.com in the first quarter valued at $258,000. My Personal CFO LLC acquired a new position in Amazon.com in the first quarter valued at $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $191,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Oppenheimer decreased their target price on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Citigroup decreased their target price on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Erste Group Bank downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Mizuho decreased their target price on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Finally, Bank of America decreased their target price on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a research note 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.56.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,500 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 $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com 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 completion of the sale, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at approximately $50,142,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The disclosure for this sale can be found here. In the last three months, insiders sold 52,428 shares of company stock valued at $5,077,578. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 1.2 %

Shares of AMZN opened at $96.32 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $90.65 and a 200-day simple moving average of $109.96. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The stock has a market cap of $982.62 billion, a price-to-earnings ratio of 88.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22.

Amazon.com (NASDAQ:AMZN – Get Rating) last released 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). The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations 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 was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 0.68 EPS 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.