DnB Asset Management AS increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,997 shares of the e-commerce giant’s stock after acquiring an additional 1,440 shares during the period. DnB Asset Management AS’s holdings in Amazon.com were worth $50,284,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after buying an additional 764,115 shares in the last quarter. BlackRock Inc. lifted its position in Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after buying an additional 554,990 shares in the last quarter. Capital Research Global Investors lifted its position in Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after buying an additional 40,068 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after buying an additional 46,800 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Amazon.com by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 2,071,370 shares of the e-commerce giant’s stock valued at $2,005,838,000 after buying an additional 53,792 shares in the last quarter. 60.21% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on AMZN shares. JPMorgan Chase reaffirmed a “buy” rating and set a $1,385.00 price target (up from $1,375.00) on shares of Amazon.com in a research report on Wednesday, January 10th. Wolfe Research raised shares of Amazon.com from a “peer perform” rating to an “outperform” rating in a research report on Friday, February 23rd. UBS lifted their price objective on shares of Amazon.com to $1,760.00 and gave the company a “buy” rating in a research note on Friday, March 9th. They noted that the move was a valuation call. BMO Capital Markets lifted their price objective on shares of Amazon.com to $1,600.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Finally, Barclays reiterated an “overweight” rating and set a $1,580.00 price objective on shares of Amazon.com in a research note on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have issued a strong buy rating to the stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $1,494.78.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 250 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $1,518.47, for a total transaction of $379,617.50. The disclosure for this sale can be found here. Insiders sold 6,214 shares of company stock valued at $9,251,120 in the last ninety days. Corporate insiders own 17.70% of the company’s stock.
Shares of AMZN opened at $1,405.23 on Friday. The firm has a market cap of $682,867.06, a PE ratio of 308.84, a PEG ratio of 6.20 and a beta of 1.59. Amazon.com, Inc. has a 1 year low of $884.49 and a 1 year high of $1,617.54. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.31. The business had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 earnings per share. analysts anticipate that Amazon.com, Inc. will post 8.49 earnings per share for the current year.
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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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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