Accredited Investors Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 552 shares of the e-commerce giant’s stock after selling 24 shares during the quarter. Accredited Investors Inc.’s holdings in Amazon.com were worth $1,738,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC lifted its holdings in Amazon.com by 1.3% during the second quarter. FMR LLC now owns 16,051,633 shares of the e-commerce giant’s stock worth $44,283,569,000 after buying an additional 212,006 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Amazon.com by 18.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock valued at $12,459,236,000 after purchasing an additional 704,255 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Amazon.com by 3.3% during the 3rd quarter. Jennison Associates LLC now owns 2,795,144 shares of the e-commerce giant’s stock valued at $8,801,154,000 after purchasing an additional 88,098 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amazon.com by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,922,215 shares of the e-commerce giant’s stock valued at $5,303,045,000 after purchasing an additional 36,764 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Amazon.com by 2.3% during the 2nd quarter. Swiss National Bank now owns 1,673,551 shares of the e-commerce giant’s stock valued at $4,617,026,000 after purchasing an additional 38,000 shares during the last quarter. 52.82% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on AMZN shares. Oppenheimer cut their target price on Amazon.com from $3,700.00 to $3,500.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. Monness Crespi & Hardt upped their target price on Amazon.com from $3,750.00 to $4,000.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Telsey Advisory Group upped their target price on Amazon.com from $3,600.00 to $4,000.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Zacks Investment Research raised Amazon.com from a “sell” rating to a “hold” rating and set a $3,436.00 target price on the stock in a research report on Monday, October 19th. Finally, UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, October 30th. Four equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $3,580.13.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $7.41 by $4.96. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The business had revenue of $96.15 billion for the quarter, compared to analyst estimates of $92.56 billion. During the same period last year, the company posted $4.23 EPS. The business’s revenue was up 37.4% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 33.77 earnings per share for the current fiscal year.
In other Amazon.com news, VP Shelley Reynolds sold 293 shares of the firm’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $3,085.62, for a total value of $904,086.66. Following the transaction, the vice president now directly owns 6,282 shares of the company’s stock, valued at approximately $19,383,864.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 309 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $3,319.97, for a total transaction of $1,025,870.73. Following the completion of the transaction, the director now directly owns 6,900 shares in the company, valued at $22,907,793. The disclosure for this sale can be found here. Insiders sold a total of 12,441 shares of company stock worth $38,485,392 over the last three months. Corporate insiders own 16.10% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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