Amazon.com, Inc. (NASDAQ:AMZN) is ProShare Advisors LLC’s 4th Largest Position

ProShare Advisors LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,012,763 shares of the e-commerce giant’s stock after selling 354,666 shares during the quarter. Amazon.com comprises about 2.6% of ProShare Advisors LLC’s holdings, making the stock its 4th largest position. ProShare Advisors LLC’s holdings in Amazon.com were worth $968,716,000 at the end of the most recent reporting period.

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

Amazon.com Trading Up 0.0 %

AMZN opened at $189.07 on Tuesday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $1.97 trillion, a PE ratio of 52.96, a P/E/G ratio of 1.38 and a beta of 1.14. The firm’s fifty day moving average price is $182.43 and its 200 day moving average price is $183.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $148.63 billion. As a group, research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. 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 owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMZN shares. Maxim Group increased their target price on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Loop Capital increased their price target on shares of Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, TD Securities boosted their price objective on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

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.