IFM Investors Pty Ltd Has $352.33 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

IFM Investors Pty Ltd boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,890,875 shares of the e-commerce giant’s stock after purchasing an additional 6,391 shares during the quarter. Amazon.com makes up approximately 3.4% of IFM Investors Pty Ltd’s holdings, making the stock its 4th biggest position. IFM Investors Pty Ltd’s holdings in Amazon.com were worth $352,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pinnacle West Asset Management Inc. raised its holdings in shares of Amazon.com by 0.6% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 19,470 shares of the e-commerce giant’s stock worth $3,628,000 after acquiring an additional 110 shares in the last quarter. Rogco LP raised its holdings in shares of Amazon.com by 1.7% during the 3rd quarter. Rogco LP now owns 8,209 shares of the e-commerce giant’s stock worth $1,530,000 after acquiring an additional 141 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its holdings in Amazon.com by 79.9% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 1,126 shares of the e-commerce giant’s stock valued at $210,000 after buying an additional 500 shares during the period. American Institute for Advanced Investment Management LLP lifted its position in Amazon.com by 0.9% in the third quarter. American Institute for Advanced Investment Management LLP now owns 12,312 shares of the e-commerce giant’s stock worth $2,294,000 after buying an additional 105 shares during the last quarter. Finally, Mason & Associates Inc lifted its position in Amazon.com by 4.3% in the third quarter. Mason & Associates Inc now owns 14,003 shares of the e-commerce giant’s stock worth $2,609,000 after buying an additional 576 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $205.74 on Thursday. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90. The firm has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 44.06, a PEG ratio of 1.35 and a beta of 1.14. 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 stock’s 50-day simple moving average is $194.14 and its 200-day simple moving average is $186.66.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 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.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. TD Cowen lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Maxim Group lifted their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

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.