Amazon.com, Inc. (NASDAQ:AMZN) is Invesco LLC’s 3rd Largest Position

Invesco LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,147 shares of the e-commerce giant’s stock after acquiring an additional 895 shares during the period. Amazon.com accounts for about 6.3% of Invesco LLC’s investment portfolio, making the stock its 3rd largest position. Invesco LLC’s holdings in Amazon.com were worth $15,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Rench Wealth Management Inc. raised its stake in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares in the last quarter. Blankinship & Foster LLC grew its position in shares of Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after acquiring an additional 4,740 shares in the last quarter. Umpqua Bank lifted its position in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after buying an additional 137 shares during the last quarter. Finally, One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $4,270,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.0 %

NASDAQ:AMZN opened at $226.63 on Thursday. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 40.98, a PEG ratio of 1.58 and a beta of 1.15. The company’s fifty day moving average price is $228.22 and its 200-day moving average price is $203.44. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. Truist Financial lifted their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein lifted their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Scotiabank upped their target price on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.74.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,852 shares of company stock worth $9,324,151 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com 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.