Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by American International Group Inc.

American International Group Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,787,923 shares of the e-commerce giant’s stock after purchasing an additional 23,549 shares during the quarter. Amazon.com comprises about 2.2% of American International Group Inc.’s investment portfolio, making the stock its 3rd largest holding. American International Group Inc.’s holdings in Amazon.com were worth $363,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after acquiring an additional 12,456,995 shares in the last quarter. State Street Corp grew its stake in Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after acquiring an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC grew its stake in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Amazon.com by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock valued at $17,031,683,000 after acquiring an additional 3,774,390 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.7 %

NASDAQ AMZN opened at $146.13 on Tuesday. The stock has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 75.72, a PEG ratio of 1.93 and a beta of 1.17. The stock’s 50 day moving average price is $133.78 and its two-hundred day moving average price is $130.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $147.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.27. The firm had revenue of $143.08 billion for the quarter, compared to analyst estimates of $141.53 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. As a group, analysts anticipate that Amazon.com, Inc. will post 2.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 10,756 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total value of $1,555,317.60. Following the sale, the chief executive officer now owns 117,904 shares of the company’s stock, valued at $17,048,918.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,572 shares of company stock valued at $9,639,169. 12.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMZN shares. Citigroup boosted their price target on Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Oppenheimer reiterated an “outperform” rating and set a $170.00 price target on shares of Amazon.com in a report on Thursday, October 19th. Benchmark upped their target price on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Stifel Nicolaus began coverage on Amazon.com in a research note on Tuesday, October 17th. They issued a “buy” rating and a $173.00 target price for the company. Finally, HSBC began coverage on Amazon.com in a research note on Thursday, November 2nd. They set a “buy” rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $168.93.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.