Hendley & Co. Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,339 shares of the e-commerce giant’s stock after acquiring an additional 420 shares during the period. Hendley & Co. Inc.’s holdings in Amazon.com were worth $2,767,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Amazon.com by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after buying an additional 13,134,632 shares during the last quarter. Norges Bank bought a new position in Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Jennison Associates LLC boosted its stake in Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after buying an additional 1,389,503 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amazon.com by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after buying an additional 1,525,922 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Amazon.com by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock valued at $6,418,187,000 after purchasing an additional 888,369 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on AMZN shares. Tigress Financial raised their price objective on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Morgan Stanley raised their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Barclays lowered their price objective on Amazon.com from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Needham & Company LLC raised their price objective on Amazon.com from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $218.82.
Read Our Latest Stock Report on AMZN
Insiders Place Their Bets
In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,112,990 shares of company stock valued at $1,222,250,048. 10.80% of the stock is owned by company insiders.
Amazon.com Stock Down 0.3 %
Amazon.com stock opened at $183.13 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 51.30, a PEG ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The business has a fifty day moving average price of $187.59 and a 200-day moving average price of $177.59.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 4.72 EPS 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.
Further Reading
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