Amazon.com, Inc. (NASDAQ:AMZN) Position Cut by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,726,019 shares of the e-commerce giant’s stock after selling 140,828 shares during the period. Amazon.com makes up about 1.8% of Principal Financial Group Inc.’s portfolio, making the stock its 3rd biggest holding. Principal Financial Group Inc. owned about 0.19% of Amazon.com worth $2,507,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Leonard Rickey Investment Advisors P.L.L.C. raised its stake in shares of Amazon.com by 2.5% during the 2nd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock valued at $1,518,000 after buying an additional 288 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Amazon.com in the 2nd quarter worth about $123,733,000. King Wealth lifted its stake in Amazon.com by 4.6% in the 2nd quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after purchasing an additional 1,296 shares in the last quarter. Meitav Investment House Ltd. lifted its stake in Amazon.com by 3.3% in the 2nd quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock worth $81,543,000 after purchasing an additional 20,574 shares in the last quarter. Finally, Ascension Asset Management LLC purchased a new position in Amazon.com in the 2nd quarter worth approximately $2,001,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $169.84 on Friday. The firm has a 50 day moving average of $153.87 and a 200-day moving average of $141.79. Amazon.com, Inc. has a 12-month low of $88.12 and a 12-month high of $172.50. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.76 trillion, a price-to-earnings ratio of 58.57, a PEG ratio of 1.49 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the company posted $0.21 EPS. The company’s revenue was up 13.9% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 4.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Mizuho lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. increased their target price on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. HSBC began coverage on Amazon.com in a report on Thursday, November 2nd. They issued a “buy” rating and a $160.00 target price on the stock. Finally, Tigress Financial raised their price objective on Amazon.com from $204.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $197.95.

View Our Latest Research Report on AMZN

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the completion of the sale, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 16,800 shares of Amazon.com stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $143.76, for a total value of $2,415,168.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $7,044,240. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the completion of the transaction, the chief executive officer now owns 2,064,055 shares in the company, valued at approximately $294,458,086.30. The disclosure for this sale can be found here. Insiders sold a total of 61,829 shares of company stock valued at $8,885,713 in the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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