Ensign Peak Advisors Inc Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ensign Peak Advisors Inc reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,461,884 shares of the e-commerce giant’s stock after selling 235,110 shares during the period. Amazon.com accounts for 3.3% of Ensign Peak Advisors Inc’s portfolio, making the stock its 4th biggest holding. Ensign Peak Advisors Inc owned 0.09% of Amazon.com worth $1,828,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Buckingham Capital Management Inc. boosted its stake in shares of Amazon.com by 2.4% in the first quarter. Buckingham Capital Management Inc. now owns 107,144 shares of the e-commerce giant’s stock worth $19,327,000 after acquiring an additional 2,521 shares during the period. Triangle Securities Wealth Management boosted its stake in Amazon.com by 1.9% in the 1st quarter. Triangle Securities Wealth Management now owns 18,173 shares of the e-commerce giant’s stock worth $3,278,000 after purchasing an additional 346 shares during the period. CVA Family Office LLC boosted its stake in Amazon.com by 0.8% in the 1st quarter. CVA Family Office LLC now owns 20,572 shares of the e-commerce giant’s stock worth $3,711,000 after purchasing an additional 164 shares during the period. Johnson & White Wealth Management LLC grew its holdings in Amazon.com by 11.0% during the 1st quarter. Johnson & White Wealth Management LLC now owns 7,337 shares of the e-commerce giant’s stock valued at $1,323,000 after buying an additional 728 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its position in shares of Amazon.com by 1.1% during the first quarter. Daymark Wealth Partners LLC now owns 249,299 shares of the e-commerce giant’s stock valued at $44,969,000 after buying an additional 2,694 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMZN shares. Rosenblatt Securities raised their target price on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group cut 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. Wells Fargo & Company downgraded Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. Finally, Truist Financial raised their target price on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, September 30th. Two equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Stock Performance

Shares of Amazon.com stock 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 stock’s fifty day moving average price is $182.43 and its 200-day moving average price is $183.50. The firm has a market cap of $1.97 trillion, a P/E ratio of 52.96, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted 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 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 the consensus estimate of $148.63 billion. On average, equities research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated 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 directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 over the last 90 days. Company insiders own 10.80% of the company’s stock.

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.