Payden & Rygel Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Payden & Rygel boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,970 shares of the e-commerce giant’s stock after acquiring an additional 4,100 shares during the quarter. Payden & Rygel’s holdings in Amazon.com were worth $17,509,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMZN. Moran Wealth Management LLC increased its holdings in Amazon.com by 18.0% during the 3rd quarter. Moran Wealth Management LLC now owns 18,225 shares of the e-commerce giant’s stock worth $3,396,000 after purchasing an additional 2,782 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Amazon.com by 7.6% in the third quarter. EverSource Wealth Advisors LLC now owns 100,878 shares of the e-commerce giant’s stock valued at $18,797,000 after acquiring an additional 7,098 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Amazon.com by 1.7% during the 3rd quarter. Moors & Cabot Inc. now owns 205,506 shares of the e-commerce giant’s stock valued at $38,292,000 after acquiring an additional 3,468 shares during the last quarter. EagleClaw Capital Managment LLC increased its position in shares of Amazon.com by 1.4% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 51,455 shares of the e-commerce giant’s stock worth $9,588,000 after purchasing an additional 700 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC raised its stake in shares of Amazon.com by 1.0% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 25,533 shares of the e-commerce giant’s stock valued at $4,758,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on AMZN shares. Tigress Financial boosted their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, UBS Group boosted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two equities 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 stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Stock Down 0.9 %

AMZN stock opened at $219.39 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.31 trillion, a PE ratio of 46.98, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The firm has a 50 day simple moving average of $211.67 and a 200 day simple moving average of $193.59.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $157.28 billion. During the same period last year, the company posted $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

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.