Vanguard Group Inc. Has $96.35 Billion Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Vanguard Group Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 757,951,795 shares of the e-commerce giant’s stock after buying an additional 32,038,029 shares during the period. Amazon.com makes up about 2.4% of Vanguard Group Inc.’s portfolio, making the stock its 3rd biggest holding. Vanguard Group Inc. owned about 7.33% of Amazon.com worth $96,350,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC lifted its stake in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp lifted its stake in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC lifted its stake in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares during the last quarter. 57.96% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $174.42 on Friday. The stock has a market cap of $1.81 trillion, a PE ratio of 60.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. The business has a 50-day simple moving average of $166.29 and a 200-day simple moving average of $148.99. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52-week low of $95.61 and a 52-week high of $180.14.

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 (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the transaction, the chief executive officer now owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the transaction, the chief executive officer now owns 118,560 shares in the company, valued at approximately $17,265,892.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the transaction, the chief executive officer now owns 2,014,055 shares of the company’s stock, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Insiders sold a total of 32,210,510 shares of company stock valued at $5,505,209,706 in the last quarter. 12.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMZN. TD Cowen raised their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Wedbush raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. UBS Group raised their price target on Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC raised their price target on Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Benchmark raised their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $197.95.

Check Out Our Latest Report on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

Further Reading

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

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