Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by SPC Financial Inc.

SPC Financial Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,535 shares of the e-commerce giant’s stock after acquiring an additional 2,308 shares during the quarter. SPC Financial Inc.’s holdings in Amazon.com were worth $4,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Capital Research Global Investors raised its position in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Legal & General Group Plc lifted its holdings in Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after purchasing an additional 289,532 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after purchasing an additional 295,132 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Telsey Advisory Group raised their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler boosted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein lifted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $202.61 on Friday. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $215.90. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a P/E/G ratio of 1.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business’s 50-day moving average is $190.54 and its two-hundred day moving average is $185.54.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

About Amazon.com

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.