Ameritas Investment Partners Inc. Has $58.37 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Ameritas Investment Partners Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,033 shares of the e-commerce giant’s stock after selling 1,626 shares during the period. Amazon.com accounts for approximately 3.4% of Ameritas Investment Partners Inc.’s investment portfolio, making the stock its 3rd largest holding. Ameritas Investment Partners Inc.’s holdings in Amazon.com were worth $58,368,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Thames Capital Management LLC increased its holdings in shares of Amazon.com by 8.9% in the 2nd quarter. Thames Capital Management LLC now owns 78,396 shares of the e-commerce giant’s stock worth $15,150,000 after acquiring an additional 6,439 shares during the period. Columbus Hill Capital Management L.P. grew its position in Amazon.com by 3.6% in the 2nd quarter. Columbus Hill Capital Management L.P. now owns 236,345 shares of the e-commerce giant’s stock worth $45,674,000 after purchasing an additional 8,193 shares during the last quarter. Sei Investments Co. increased its stake in shares of Amazon.com by 2.7% in the second quarter. Sei Investments Co. now owns 8,004,950 shares of the e-commerce giant’s stock valued at $1,546,957,000 after purchasing an additional 209,490 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Amazon.com by 3.0% during the second quarter. Pacer Advisors Inc. now owns 919,276 shares of the e-commerce giant’s stock valued at $177,650,000 after buying an additional 26,797 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Amazon.com by 1.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 4,995,020 shares of the e-commerce giant’s stock worth $965,288,000 after buying an additional 82,798 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday, October 3rd. Truist Financial raised their target price on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Sanford C. Bernstein upped their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ AMZN opened at $188.99 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The business has a 50-day moving average price of $181.98 and a two-hundred day moving average price of $183.43. The firm has a market capitalization of $1.97 trillion, a PE ratio of 52.94, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction 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 approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were 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 owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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.