Smith Chas P & Associates PA Cpas Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Smith Chas P & Associates PA Cpas increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 23.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,297 shares of the e-commerce giant’s stock after purchasing an additional 4,730 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Amazon.com were worth $2,859,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AMZN. State Street Corp lifted its holdings in Amazon.com by 1,869.1% in 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 increased its stake 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 worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC increased its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Northern Trust Corp increased its stake in Amazon.com by 1,867.0% in 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 acquiring an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Amazon.com by 1,944.4% in 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 acquiring an additional 57,043,701 shares during the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the sale, 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. Insiders sold 71,394 shares of company stock worth $6,994,626 in the last three months. 12.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. JPMorgan Chase & Co. reduced their price objective on Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday. Tigress Financial reaffirmed a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a research note on Thursday, February 9th. StockNews.com began coverage on Amazon.com in a research note on Thursday. They issued a “hold” rating on the stock. Telsey Advisory Group reduced their price objective on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 24th. Finally, Oppenheimer boosted their target price on Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $144.72.

Amazon.com Price Performance

Shares of AMZN stock opened at $100.04 on Friday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of -373.27, a P/E/G ratio of 3.81 and a beta of 1.25. The stock has a fifty day simple moving average of $96.75 and a two-hundred day simple moving average of $101.94. 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 (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share 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 positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 1.34 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 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.