Atlantic Trust Group LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 55.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 576,450 shares of the e-commerce giant’s stock after buying an additional 205,677 shares during the quarter. Amazon.com makes up 2.5% of Atlantic Trust Group LLC’s investment portfolio, making the stock its 2nd largest position. Atlantic Trust Group LLC owned about 0.12% of Amazon.com worth $554,171,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after buying an additional 764,115 shares during the period. BlackRock Inc. grew its stake in Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after buying an additional 554,990 shares during the period. Capital Research Global Investors grew its stake in Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after buying an additional 40,068 shares during the period. TIAA CREF Investment Management LLC grew its stake in Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after buying an additional 46,800 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Amazon.com by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 2,071,370 shares of the e-commerce giant’s stock worth $2,005,838,000 after buying an additional 53,792 shares during the period. Institutional investors and hedge funds own 60.22% of the company’s stock.
AMZN has been the subject of several research reports. Loop Capital boosted their price objective on shares of Amazon.com to $1,600.00 in a research note on Friday, February 2nd. DA Davidson boosted their price objective on shares of Amazon.com from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Goldman Sachs Group reiterated a “buy” rating and set a $1,450.00 price objective (up from $1,300.00) on shares of Amazon.com in a research note on Tuesday, November 28th. Nomura reiterated a “buy” rating and set a $1,360.00 price objective on shares of Amazon.com in a research note on Monday, November 20th. Finally, Citigroup reiterated a “buy” rating on shares of Amazon.com in a research note on Sunday, November 19th. Five equities research analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,472.95.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the consensus estimate of $1.85 by $0.31. The business had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 earnings per share. research analysts expect that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.
In other news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the completion of the transaction, the vice president now owns 6,533 shares in the company, valued at $9,553,336.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 250 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $1,549.90, for a total transaction of $387,475.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $15,499,000. The disclosure for this sale can be found here. Insiders have sold 5,714 shares of company stock valued at $8,462,195 in the last 90 days. Insiders own 17.00% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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