Legal & General Group Plc Has $13.47 Billion Position in Amazon.com, Inc. (NASDAQ:AMZN)

Legal & General Group Plc increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,686,374 shares of the e-commerce giant’s stock after purchasing an additional 1,042,177 shares during the period. Amazon.com accounts for 3.0% of Legal & General Group Plc’s holdings, making the stock its 4th biggest holding. Legal & General Group Plc owned about 0.67% of Amazon.com worth $13,466,933,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMZN. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com in the first quarter worth about $69,000. Innealta Capital LLC purchased a new stake in shares of Amazon.com during the second quarter valued at about $77,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Amazon.com by 84.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after buying an additional 199 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.8 %

Shares of AMZN stock opened at $187.83 on Friday. The stock has a 50 day simple moving average of $183.29 and a 200-day simple moving average of $183.56. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.61, a PEG ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

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 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 company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. On average, equities research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Piper Sandler lowered their price objective on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, JMP Securities restated a “market outperform” rating and set a $265.00 price objective on shares of Amazon.com in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was 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 approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 over the last ninety days. Insiders own 10.80% of the company’s stock.

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.