United Services Automobile Association Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

United Services Automobile Association boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% during the third quarter, Holdings Channel.com reports. The firm owned 340,458 shares of the e-commerce giant’s stock after buying an additional 14,508 shares during the quarter. Amazon.com makes up approximately 1.1% of United Services Automobile Association’s portfolio, making the stock its 21st biggest position. United Services Automobile Association’s holdings in Amazon.com were worth $38,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after acquiring an additional 12,456,995 shares in the last quarter. State Street Corp raised its position in Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 295,880,050 shares during the last quarter. FMR LLC raised its position in 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 buying an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp grew 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 during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 2.7 %

Amazon.com stock opened at $94.88 on Wednesday. The firm has a 50 day simple moving average of $96.20 and a 200-day simple moving average of $101.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The stock has a market capitalization of $972.26 billion, a PE ratio of -351.41, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the sale, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock worth $6,994,626 in the last 90 days. 12.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research report on Friday, February 3rd. Robert W. Baird lifted their price objective on shares of Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. MKM Partners cut their price objective on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, January 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.87.

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.