CGN Advisors LLC Acquires 17,367 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CGN Advisors LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 91.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,334 shares of the e-commerce giant’s stock after acquiring an additional 17,367 shares during the period. CGN Advisors LLC’s holdings in Amazon.com were worth $3,052,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AMZN. State Street Corp boosted its stake in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC lifted its stake in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after buying an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after buying an additional 57,043,701 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is owned by insiders.

Amazon.com Stock Performance

AMZN opened at $98.95 on Friday. The firm has a market cap of $1.01 trillion, a P/E ratio of -369.20, a PEG ratio of 3.97 and a beta of 1.25. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a 50 day simple moving average of $97.01 and a two-hundred day simple moving average of $101.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter in the prior year, the company posted $1.39 EPS. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMZN shares. UBS Group upped their target price on shares of Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Amazon.com in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday. Truist Financial dropped their target price on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Finally, Wolfe Research boosted their price objective on shares of Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $144.72.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.