Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 419,061 shares of the e-commerce giant’s stock after buying an additional 20,906 shares during the quarter. Amazon.com makes up about 1.8% of Dakota Wealth Management’s investment portfolio, making the stock its 6th biggest position. Dakota Wealth Management’s holdings in Amazon.com were worth $78,084,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMZN. Vanguard Group Inc. grew its position in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Capital Research Global Investors lifted its position in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Legal & General Group Plc raised its holdings in Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Finally, Capital International Investors grew its position in Amazon.com by 7.4% during the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock valued at $7,642,732,000 after buying an additional 2,932,192 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Benchmark increased their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Pivotal Research assumed coverage on Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Needham & Company LLC lifted their target price on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Telsey Advisory Group lifted their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Trading Down 1.0 %

Amazon.com stock opened at $205.74 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business’s 50-day simple moving average is $194.14 and its 200-day simple moving average is $186.66. The firm has a market capitalization of $2.16 trillion, a PE ratio of 44.06, a PEG ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current 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.