Prudential Financial Inc. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 714,383 shares of the e-commerce giant’s stock after selling 93,502 shares during the quarter. Amazon.com accounts for 1.0% of Prudential Financial Inc.’s portfolio, making the stock its 10th biggest holding. Prudential Financial Inc. owned 0.15% of Amazon.com worth $686,772,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AMZN. Day & Ennis LLC increased its position in Amazon.com by 21.3% during the second quarter. Day & Ennis LLC now owns 279 shares of the e-commerce giant’s stock valued at $270,000 after acquiring an additional 49 shares during the last quarter. Beach Investment Management LLC. increased its position in Amazon.com by 996.3% in the second quarter. Beach Investment Management LLC. now owns 22,035 shares of the e-commerce giant’s stock worth $21,330,000 after buying an additional 20,025 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Amazon.com by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 569,217 shares of the e-commerce giant’s stock worth $551,002,000 after buying an additional 3,091 shares in the last quarter. Sicart Associates LLC increased its position in Amazon.com by 138.3% in the second quarter. Sicart Associates LLC now owns 560 shares of the e-commerce giant’s stock worth $542,000 after buying an additional 325 shares in the last quarter. Finally, Wayne Hummer Investments L.L.C. increased its position in Amazon.com by 14.5% in the second quarter. Wayne Hummer Investments L.L.C. now owns 836 shares of the e-commerce giant’s stock worth $809,000 after buying an additional 106 shares in the last quarter. Institutional investors own 60.22% of the company’s stock.
A number of analysts have commented on the company. Vetr cut Amazon.com from a “buy” rating to a “hold” rating and set a $1,603.06 price target for the company. in a research report on Thursday, March 8th. Deutsche Bank restated a “buy” rating on shares of Amazon.com in a research report on Monday. Loop Capital set a $1,545.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Wednesday, March 7th. JMP Securities restated a “neutral” rating and issued a $1,600.00 price target (up previously from $1,475.00) on shares of Amazon.com in a research report on Friday, February 2nd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $1,700.00 price target on shares of Amazon.com in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $1,472.95.
Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,598.39 on Tuesday. Amazon.com, Inc. has a one year low of $833.50 and a one year high of $1,605.33. The company has a market capitalization of $764,352.06, a P/E ratio of 346.25, a P/E/G ratio of 6.95 and a beta of 1.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The firm’s revenue was up 38.2% on a year-over-year basis. equities analysts anticipate that Amazon.com, Inc. will post 8.49 EPS for the current year.
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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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