Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,915,046 shares of the e-commerce giant’s stock after acquiring an additional 6,545,944 shares during the period. Amazon.com makes up about 3.0% of Geode Capital Management LLC’s portfolio, making the stock its 4th biggest position. Geode Capital Management LLC owned about 1.90% of Amazon.com worth $37,116,341,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Greenwood Gearhart Inc. boosted its stake in Amazon.com by 9.6% during the 3rd quarter. Greenwood Gearhart Inc. now owns 112,410 shares of the e-commerce giant’s stock worth $20,945,000 after purchasing an additional 9,880 shares during the last quarter. Valued Retirements Inc. acquired a new position in shares of Amazon.com during the 3rd quarter valued at about $858,000. 3Chopt Investment Partners LLC boosted its position in shares of Amazon.com by 0.4% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 16,338 shares of the e-commerce giant’s stock valued at $3,044,000 after acquiring an additional 65 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in shares of Amazon.com during the 3rd quarter valued at about $235,000. Finally, Frisch Financial Group Inc. boosted its position in shares of Amazon.com by 10.4% during the 3rd quarter. Frisch Financial Group Inc. now owns 29,957 shares of the e-commerce giant’s stock valued at $5,582,000 after acquiring an additional 2,831 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Susquehanna boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Redburn Atlantic boosted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, January 10th. Royal Bank of Canada lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Piper Sandler upped their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $245.65.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were 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 in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.35 on Thursday. The company has a 50-day simple moving average of $217.02 and a 200-day simple moving average of $195.74. Amazon.com, Inc. has a one year low of $149.91 and a one year high of $233.00. 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 has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 47.83, a PEG ratio of 1.54 and a beta of 1.14.

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

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.