Janus Henderson Group PLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Janus Henderson Group PLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,503,025 shares of the e-commerce giant’s stock after acquiring an additional 969,227 shares during the period. Amazon.com accounts for approximately 2.9% of Janus Henderson Group PLC’s portfolio, making the stock its 4th largest holding. Janus Henderson Group PLC owned approximately 0.29% of Amazon.com worth $5,683,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the third quarter worth about $45,000. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com during the third quarter worth about $56,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the 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 directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Redburn Atlantic boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Truist Financial boosted their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities upped their target price on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho upped their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Two equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.67.

Amazon.com Price Performance

AMZN opened at $218.94 on Friday. The stock has a fifty day simple moving average of $216.20 and a two-hundred day simple moving average of $195.34. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $149.91 and a 12-month high of $233.00.

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

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.