Elo Mutual Pension Insurance Co Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Elo Mutual Pension Insurance Co lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 855,044 shares of the e-commerce giant’s stock after purchasing an additional 5,229 shares during the quarter. Amazon.com accounts for about 3.9% of Elo Mutual Pension Insurance Co’s portfolio, making the stock its 5th largest position. Elo Mutual Pension Insurance Co’s holdings in Amazon.com were worth $165,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. jvl associates llc boosted its position in Amazon.com by 7.1% during the 1st quarter. jvl associates llc now owns 3,203 shares of the e-commerce giant’s stock worth $578,000 after buying an additional 213 shares during the period. Emprise Bank acquired a new stake in Amazon.com during the 1st quarter worth approximately $3,349,000. Mainsail Asset Management LLC boosted its position in Amazon.com by 15.5% during the 1st quarter. Mainsail Asset Management LLC now owns 7,533 shares of the e-commerce giant’s stock worth $1,359,000 after buying an additional 1,013 shares during the period. Deane Retirement Strategies Inc. boosted its position in Amazon.com by 0.3% during the 1st quarter. Deane Retirement Strategies Inc. now owns 25,325 shares of the e-commerce giant’s stock worth $4,565,000 after buying an additional 76 shares during the period. Finally, CJM Wealth Advisers Ltd. boosted its position in Amazon.com by 4.2% during the 1st quarter. CJM Wealth Advisers Ltd. now owns 6,778 shares of the e-commerce giant’s stock worth $1,223,000 after buying an additional 276 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $188.99 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a 50-day simple moving average of $181.98 and a 200 day simple moving average of $183.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $1.97 trillion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, research analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Wedbush reiterated an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Roth Mkm upped their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Evercore ISI reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Amazon.com in a research note on Friday, October 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Profile

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.