Amazon.com, Inc. (AMZN) is Aviva PLC’s 3rd Largest Position

Aviva PLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 252,062 shares of the e-commerce giant’s stock after buying an additional 15,926 shares during the period. Amazon.com makes up approximately 2.5% of Aviva PLC’s portfolio, making the stock its 3rd biggest position. Aviva PLC owned about 0.05% of Amazon.com worth $428,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Summit Trail Advisors LLC grew its position in Amazon.com by 180,406.1% in the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after acquiring an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in Amazon.com by 198,956.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after acquiring an additional 3,338,491 shares in the last quarter. Natixis grew its position in Amazon.com by 296.9% in the 1st quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock valued at $287,629,000 after acquiring an additional 148,654 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Amazon.com by 8.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,418,279 shares of the e-commerce giant’s stock valued at $2,410,791,000 after acquiring an additional 111,901 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Amazon.com by 10.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,172,604 shares of the e-commerce giant’s stock valued at $1,697,157,000 after acquiring an additional 111,563 shares in the last quarter. Hedge funds and other institutional investors own 56.73% of the company’s stock.

Shares of AMZN opened at $1,665.53 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. The company has a market capitalization of $814.39 billion, a P/E ratio of 102.49, a price-to-earnings-growth ratio of 3.21 and a beta of 1.70. Amazon.com, Inc. has a 52-week low of $1,088.52 and a 52-week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. On average, sell-side analysts predict that Amazon.com, Inc. will post 19.24 EPS for the current fiscal year.

In other Amazon.com news, Director Judith A. Mcgrath sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total value of $952,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 1,927 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,899.96, for a total value of $3,661,222.92. Following the completion of the sale, the senior vice president now owns 3,161 shares of the company’s stock, valued at approximately $6,005,773.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,272 shares of company stock valued at $66,675,598. 16.30% of the stock is owned by company insiders.

Several equities analysts have weighed in on the company. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, October 26th. Benchmark reaffirmed a “buy” rating and issued a $2,100.00 target price on shares of Amazon.com in a research report on Friday, October 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $2,075.00 target price (up from $1,840.00) on shares of Amazon.com in a research report on Friday, July 27th. Zacks Investment Research raised Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 target price for the company in a research report on Tuesday, July 31st. Finally, BidaskClub downgraded Amazon.com from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and forty-seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $2,091.53.

About Amazon.com

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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