Xponance Inc. Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Xponance Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,209,547 shares of the e-commerce giant’s stock after acquiring an additional 55,851 shares during the period. Amazon.com accounts for 4.4% of Xponance Inc.’s portfolio, making the stock its 4th biggest position. Xponance Inc.’s holdings in Amazon.com were worth $426,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tairen Capital Ltd lifted its position in shares of Amazon.com by 1,177.9% in the 2nd quarter. Tairen Capital Ltd now owns 1,768,335 shares of the e-commerce giant’s stock worth $341,731,000 after purchasing an additional 1,629,959 shares during the period. Lombard Odier Asset Management Europe Ltd raised its stake in Amazon.com by 37.7% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 287,914 shares of the e-commerce giant’s stock worth $55,639,000 after buying an additional 78,862 shares during the last quarter. Lombard Odier Asset Management USA Corp raised its stake in Amazon.com by 43.7% during the second quarter. Lombard Odier Asset Management USA Corp now owns 8,624 shares of the e-commerce giant’s stock worth $1,667,000 after buying an additional 2,624 shares during the last quarter. Magnetar Financial LLC bought a new stake in Amazon.com during the second quarter valued at $222,000. Finally, Public Sector Pension Investment Board grew its holdings in Amazon.com by 17.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,010,378 shares of the e-commerce giant’s stock worth $388,506,000 after acquiring an additional 305,550 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $184.71 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $183.11 and a two-hundred day simple moving average of $183.54. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Truist Financial increased their price target on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, September 30th. TD Cowen lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research note on Thursday, September 12th. Finally, Barclays lifted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $236.78.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 over the last quarter. 10.80% of the stock is currently owned by company insiders.

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.