Amazon.com, Inc. $AMZN is Aviva PLC’s 4th Largest Position

Aviva PLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,279,378 shares of the e-commerce giant’s stock after buying an additional 566,039 shares during the quarter. Amazon.com accounts for about 3.3% of Aviva PLC’s investment portfolio, making the stock its 4th biggest position. Aviva PLC’s holdings in Amazon.com were worth $1,597,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com during the second quarter worth approximately $27,000. Maryland Capital Advisors Inc. raised its stake in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares in the last quarter. Ryan Investment Management Inc. purchased a new stake in Amazon.com during the second quarter worth $48,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Amazon.com during the first quarter valued at about $59,000. Finally, Access Investment Management LLC bought a new stake in Amazon.com during the second quarter valued at about $74,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.4%

Shares of Amazon.com stock opened at $229.11 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The firm has a market capitalization of $2.45 trillion, a PE ratio of 32.36, a P/E/G ratio of 1.60 and a beta of 1.37. The firm’s 50-day moving average price is $228.38 and its 200 day moving average price is $223.65.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same period in the previous year, the business earned $1.43 EPS. Amazon.com’s quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. Benchmark increased their price target on shares of Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Truist Financial set a $290.00 price target on Amazon.com in a research report on Friday, October 31st. Pivotal Research boosted their price target on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. HSBC increased their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $300.00 price target on shares of Amazon.com in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $296.11.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 82,234 shares of company stock valued at $19,076,767. Insiders own 9.70% of the company’s stock.

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.