Xponance Inc. Buys 55,851 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Xponance Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,209,547 shares of the e-commerce giant’s stock after buying an additional 55,851 shares during the quarter. Amazon.com accounts for about 4.4% of Xponance Inc.’s investment portfolio, making the stock its 4th biggest holding. Xponance Inc.’s holdings in Amazon.com were worth $426,995,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Tairen Capital Ltd boosted its position in shares of Amazon.com by 1,177.9% during the second quarter. Tairen Capital Ltd now owns 1,768,335 shares of the e-commerce giant’s stock worth $341,731,000 after buying an additional 1,629,959 shares during the period. Lombard Odier Asset Management Europe Ltd grew its stake in shares of Amazon.com by 37.7% during the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 287,914 shares of the e-commerce giant’s stock worth $55,639,000 after acquiring an additional 78,862 shares in the last quarter. Lombard Odier Asset Management USA Corp raised its holdings in shares of Amazon.com by 43.7% in the second quarter. Lombard Odier Asset Management USA Corp now owns 8,624 shares of the e-commerce giant’s stock valued at $1,667,000 after purchasing an additional 2,624 shares during the last quarter. Magnetar Financial LLC acquired a new position in Amazon.com during the second quarter worth $222,000. Finally, Public Sector Pension Investment Board boosted its holdings in Amazon.com by 17.9% during the second quarter. Public Sector Pension Investment Board now owns 2,010,378 shares of the e-commerce giant’s stock worth $388,506,000 after purchasing an additional 305,550 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 2.6 %

Shares of AMZN stock opened at $184.71 on Thursday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The stock’s fifty day moving average price is $183.11 and its two-hundred day moving average price is $183.54. 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 cap of $1.92 trillion, a PE ratio of 51.74, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $148.63 billion. Equities analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. 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 accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred 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 directly 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. Insiders sold a total of 54,355 shares of company stock valued at $9,877,423 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMZN. Maxim Group boosted their price target on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays increased their price target on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday, September 12th. Finally, Loop Capital boosted their target price on shares of Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Company 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.