Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 24.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,354,899 shares of the e-commerce giant’s stock after purchasing an additional 270,431 shares during the quarter. Amazon.com accounts for 3.3% of Intech Investment Management LLC’s holdings, making the stock its 5th largest holding. Intech Investment Management LLC’s holdings in Amazon.com were worth $261,834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Phillips Wealth Planners LLC raised its holdings in shares of Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after buying an additional 224 shares during the period. Stonekeep Investments LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at $2,588,000. Concord Investment Counsel Inc. acquired a new position in Amazon.com during the 1st quarter worth $20,790,000. O Shaughnessy Asset Management LLC grew its stake in Amazon.com by 26.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after purchasing an additional 133,471 shares in the last quarter. Finally, Eos Management L.P. grew its stake in Amazon.com by 27.1% during the 2nd quarter. Eos Management L.P. now owns 47,554 shares of the e-commerce giant’s stock worth $9,190,000 after purchasing an additional 10,147 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 over the last quarter. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. TD Securities boosted their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Wolfe Research assumed coverage on Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Finally, Jefferies Financial Group lowered their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $188.99 on Friday. The business’s fifty day moving average price is $181.98 and its two-hundred day moving average price is $183.42. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. On average, analysts forecast that Amazon.com, Inc. will post 4.85 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.