1832 Asset Management L.P. Has $1.13 Billion Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

1832 Asset Management L.P. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,447,231 shares of the e-commerce giant’s stock after purchasing an additional 598,442 shares during the quarter. Amazon.com accounts for 1.6% of 1832 Asset Management L.P.’s portfolio, making the stock its 6th largest position. 1832 Asset Management L.P. owned about 0.07% of Amazon.com worth $1,131,532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Investment Advisors MI raised its holdings in Amazon.com by 1.8% during the 3rd quarter. Strategic Investment Advisors MI now owns 24,557 shares of the e-commerce giant’s stock worth $3,122,000 after buying an additional 434 shares during the period. Genesee Capital Advisors LLC raised its holdings in shares of Amazon.com by 1.5% during the third quarter. Genesee Capital Advisors LLC now owns 8,610 shares of the e-commerce giant’s stock worth $1,095,000 after acquiring an additional 125 shares in the last quarter. Horizon Wealth Management LLC grew its stake in Amazon.com by 22.5% in the third quarter. Horizon Wealth Management LLC now owns 11,914 shares of the e-commerce giant’s stock valued at $1,515,000 after purchasing an additional 2,192 shares in the last quarter. Apexium Financial LP raised its stake in shares of Amazon.com by 4.9% during the 3rd quarter. Apexium Financial LP now owns 45,245 shares of the e-commerce giant’s stock worth $5,752,000 after purchasing an additional 2,107 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Amazon.com by 674.4% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,201,643 shares of the e-commerce giant’s stock valued at $152,753,000 after buying an additional 1,046,468 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.2 %

Shares of NASDAQ:AMZN traded down $0.39 during trading on Tuesday, hitting $183.15. 50,791,400 shares of the company’s stock were exchanged, compared to its average volume of 43,584,156. The firm has a 50-day moving average price of $181.58 and a two-hundred day moving average price of $165.23. Amazon.com, Inc. has a 1-year low of $113.78 and a 1-year high of $191.70. The firm has a market cap of $1.91 trillion, a P/E ratio of 50.79, a PEG ratio of 1.34 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. Equities analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMZN shares. Morgan Stanley raised their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Bank of America boosted their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets increased their price target on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Mizuho lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $211.62.

View Our Latest Stock Report on AMZN

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the transaction, the chief executive officer now directly owns 1,994,182 shares in the company, valued at $358,952,760. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The disclosure for this sale can be found here. Insiders sold a total of 123,188 shares of company stock worth $21,654,478 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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