Norway Savings Bank lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% during the third quarter, Holdings Channel.com reports. The fund owned 544 shares of the e-commerce giant’s stock after purchasing an additional 26 shares during the period. Amazon.com accounts for about 1.2% of Norway Savings Bank’s holdings, making the stock its 24th biggest holding. Norway Savings Bank’s holdings in Amazon.com were worth $1,712,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Advisor Group Holdings Inc. bought a new stake in Amazon.com during the first quarter worth approximately $294,639,000. Bank of New York Mellon Corp increased its position in shares of Amazon.com by 18.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock valued at $12,459,236,000 after purchasing an additional 704,255 shares during the period. Capital Research Global Investors raised its stake in shares of Amazon.com by 10.7% in the 1st quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock worth $8,777,634,000 after buying an additional 435,331 shares in the last quarter. Capital World Investors raised its stake in shares of Amazon.com by 11.4% in the 1st quarter. Capital World Investors now owns 4,125,258 shares of the e-commerce giant’s stock worth $8,043,108,000 after buying an additional 423,738 shares in the last quarter. Finally, Softbank Group Corp acquired a new stake in shares of Amazon.com in the second quarter valued at $1,044,131,000. Institutional investors and hedge funds own 57.32% of the company’s stock.
Shares of NASDAQ:AMZN opened at $3,272.71 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1,639.27 billion, a PE ratio of 125.83, a P/E/G ratio of 3.59 and a beta of 1.35. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25. The firm has a fifty day moving average price of $3,207.58 and a 200 day moving average price of $2,802.40.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion during the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 31.61 earnings per share for the current fiscal year.
In other news, CEO Jeffrey P. Bezos sold 97,654 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total value of $307,618,888.86. Following the completion of the sale, the chief executive officer now directly owns 54,583,923 shares in the company, valued at $171,944,270,003.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Indra K. Nooyi acquired 8 shares of Amazon.com stock in a transaction dated Thursday, October 1st. The stock was purchased at an average price of $3,208.60 per share, with a total value of $25,668.80. Following the completion of the purchase, the director now directly owns 826 shares of the company’s stock, valued at approximately $2,650,303.60. The disclosure for this purchase can be found here. Insiders have sold 102,815 shares of company stock valued at $324,095,003 in the last ninety days. Company insiders own 16.10% of the company’s stock.
A number of equities research analysts have weighed in on AMZN shares. Mizuho upped their price target on shares of Amazon.com from $3,700.00 to $4,000.00 and gave the company a “buy” rating in a report on Friday, October 9th. Credit Suisse Group raised their target price on shares of Amazon.com from $3,400.00 to $3,680.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Bank of America increased their price objective on Amazon.com from $3,000.00 to $3,280.00 and gave the company a “buy” rating in a research report on Monday, July 27th. BMO Capital Markets raised their price objective on Amazon.com from $2,850.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Guggenheim lifted their target price on Amazon.com from $2,700.00 to $3,600.00 in a report on Friday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and forty-nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $3,438.90.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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