New York Life Investment Management LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

New York Life Investment Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,421,879 shares of the e-commerce giant’s stock after acquiring an additional 5,645 shares during the quarter. Amazon.com comprises approximately 2.2% of New York Life Investment Management LLC’s holdings, making the stock its 5th largest holding. New York Life Investment Management LLC’s holdings in Amazon.com were worth $216,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Members Trust Co increased its holdings in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares during the period. Cherrydale Wealth Management LLC increased its holdings in Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares during the period. Tompkins Financial Corp increased its holdings in Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after buying an additional 2,273 shares during the period. Nicholas Company Inc. increased its holdings in Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Amazon.com by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after buying an additional 277,631 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares in the company, valued at $358,952,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares in the company, valued at $358,952,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold 117,894 shares of company stock worth $21,363,909 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $181.05 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market capitalization of $1.88 trillion, a P/E ratio of 50.71, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company’s 50 day moving average price is $181.91 and its two-hundred day moving average price is $165.77. Amazon.com, Inc. has a 52 week low of $114.31 and a 52 week high of $191.70.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. On average, analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. JMP Securities restated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. BMO Capital Markets boosted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Truist Financial boosted their target price on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Oppenheimer boosted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Argus upped their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Profile

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.