Amazon.com, Inc. $AMZN Position Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,409,759 shares of the e-commerce giant’s stock after buying an additional 868,747 shares during the period. Amazon.com comprises 2.5% of Acadian Asset Management LLC’s holdings, making the stock its 4th biggest holding. Acadian Asset Management LLC’s holdings in Amazon.com were worth $1,186,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Carderock Capital Management Inc. bought a new stake in Amazon.com during the 2nd quarter valued at $27,000. Maryland Capital Advisors Inc. grew its stake in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new stake in Amazon.com in the 2nd quarter worth approximately $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Amazon.com during the first quarter valued at $59,000. Finally, Access Investment Management LLC purchased a new stake in Amazon.com during the 2nd quarter valued at about $74,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMZN shares. HSBC upped their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus boosted their price objective on Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Sanford C. Bernstein set a $300.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, October 31st. CICC Research increased their price objective on Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $296.11.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the transaction, the chief executive officer owned 505,934 shares in the company, valued at approximately $117,993,927.48. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director owned 7,170 shares in the company, valued at $1,670,610. This represents a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 82,234 shares of company stock worth $19,076,767. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Down 1.4%

Shares of AMZN opened at $229.11 on Friday. The stock 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. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The company’s 50-day simple moving average is $228.38 and its 200-day simple moving average is $223.65.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.