Temasek Holdings Private Ltd Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Temasek Holdings Private Ltd raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,947,196 shares of the e-commerce giant’s stock after purchasing an additional 228,757 shares during the quarter. Amazon.com accounts for approximately 4.5% of Temasek Holdings Private Ltd’s investment portfolio, making the stock its 5th largest holding. Temasek Holdings Private Ltd owned approximately 0.06% of Amazon.com worth $1,108,141,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMZN. ACT Advisors LLC. grew its holdings in Amazon.com by 23.3% during the 2nd quarter. ACT Advisors LLC. now owns 2,883 shares of the e-commerce giant’s stock worth $557,000 after acquiring an additional 545 shares in the last quarter. Oldfather Financial Services LLC increased its holdings in Amazon.com by 15.2% during the second quarter. Oldfather Financial Services LLC now owns 2,124 shares of the e-commerce giant’s stock valued at $410,000 after buying an additional 281 shares during the period. TrueWealth Advisors LLC raised its stake in Amazon.com by 6.3% in the second quarter. TrueWealth Advisors LLC now owns 7,061 shares of the e-commerce giant’s stock worth $1,365,000 after buying an additional 416 shares in the last quarter. Silverleafe Capital Partners LLC lifted its holdings in Amazon.com by 2.5% during the second quarter. Silverleafe Capital Partners LLC now owns 4,685 shares of the e-commerce giant’s stock worth $905,000 after buying an additional 115 shares during the period. Finally, Planned Solutions Inc. bought a new stake in Amazon.com during the 2nd quarter valued at $202,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AMZN shares. Royal Bank of Canada upped their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Telsey Advisory Group lifted their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Monness Crespi & Hardt increased their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. Finally, Truist Financial upped their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.67.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $218.94 on Monday. The firm has a market cap of $2.30 trillion, a PE ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $149.91 and a twelve month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $216.20 and a 200 day moving average price of $195.42.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last ninety days. Corporate 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.