Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Ethic Inc.

Ethic Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 275,573 shares of the e-commerce giant’s stock after acquiring an additional 31,266 shares during the quarter. Amazon.com accounts for about 2.1% of Ethic Inc.’s portfolio, making the stock its 3rd biggest holding. Ethic Inc.’s holdings in Amazon.com were worth $31,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Iron Horse Wealth Management LLC lifted its stake in Amazon.com by 4,540.0% during the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 227 shares in the last quarter. Wells Financial Advisors INC lifted its stake in Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after buying an additional 266 shares in the last quarter. Knott David M Jr acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $32,000. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the period. Finally, Baron Financial Group LLC increased its holdings in shares of Amazon.com by 1,900.0% in the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 342 shares during the period. 57.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the sale, the chief executive officer now owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock worth $6,994,626 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. DA Davidson upped their target price on Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Morgan Stanley increased their price objective on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Evercore ISI increased their price objective on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Benchmark increased their price target on Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on Amazon.com from $130.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.87.

Amazon.com Price Performance

Shares of AMZN opened at $92.43 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. 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 $947.15 billion, a P/E ratio of -344.88, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25. The stock’s 50-day moving average price is $96.01 and its two-hundred day moving average price is $102.24.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter last year, the business posted $1.39 EPS. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.

Further Reading

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

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