Nisa Investment Advisors LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Nisa Investment Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,969,783 shares of the e-commerce giant’s stock after purchasing an additional 23,746 shares during the period. Amazon.com makes up approximately 1.7% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Nisa Investment Advisors LLC’s holdings in Amazon.com were worth $432,151,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMZN. Icon Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com in the 3rd quarter worth $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $56,000. Finally, Harbor Investment Advisory LLC boosted its position in Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after acquiring an additional 3,055 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $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 quarter, insiders sold 3,026,212 shares of company stock valued at $625,666,424. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $229.15 on Friday. The business’s 50 day moving average price is $226.51 and its 200-day moving average price is $200.30. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. 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 capitalization of $2.41 trillion, a PE ratio of 49.07, a P/E/G ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. Bank of America upped their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a research report on Friday. Loop Capital lifted their price target on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Maxim Group boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Canaccord Genuity Group raised their price objective on Amazon.com from $265.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday. 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 company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $260.20.

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.