Amazon.com, Inc. (NASDAQ:AMZN) Position Lifted by abrdn plc

abrdn plc boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,627,429 shares of the e-commerce giant’s stock after buying an additional 695,846 shares during the period. Amazon.com makes up about 2.9% of abrdn plc’s investment portfolio, making the stock its 4th largest position. abrdn plc owned 0.08% of Amazon.com worth $1,602,329,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the third quarter worth $45,000. Christopher J. Hasenberg Inc boosted its holdings 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 worth $58,000 after purchasing an additional 260 shares during the period. Finally, Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter worth $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’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 transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 1.3 %

Shares of NASDAQ AMZN opened at $213.44 on Wednesday. The stock has a market cap of $2.24 trillion, a price-to-earnings ratio of 45.70, a PEG ratio of 1.41 and a beta of 1.16. The business has a 50 day simple moving average of $195.51 and a 200 day simple moving average of $187.34. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced 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. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. On average, research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on AMZN. Maxim Group lifted their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Redburn Atlantic lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. TD Cowen lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein boosted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $236.20.

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.