Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by ETF Managers Group LLC

ETF Managers Group LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the third quarter, HoldingsChannel.com reports. The firm owned 4,203 shares of the e-commerce giant’s stock after acquiring an additional 143 shares during the quarter. ETF Managers Group LLC’s holdings in Amazon.com were worth $475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its stake in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 1,838.8% in the second 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 purchasing an additional 295,880,050 shares during the period. FMR LLC increased its stake in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Northern Trust Corp increased its stake in Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc increased its stake in Amazon.com by 1,944.4% in the second 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 purchasing an additional 57,043,701 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the transaction, the chief executive officer now directly owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 23,874 shares of the stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMZN shares. Truist Financial lowered their target price on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Amazon.com in a report on Friday, February 3rd. Barclays lifted their target price on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. Moffett Nathanson started coverage on shares of Amazon.com in a report on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 target price on the stock. Finally, DA Davidson lifted their target price on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $92.43 on Tuesday. The company has a market capitalization of $947.15 billion, a price-to-earnings ratio of -344.88, a P/E/G ratio of 3.74 and a beta of 1.25. The firm’s 50 day simple moving average is $96.01 and its 200 day simple moving average is $102.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current 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 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.