Amazon.com, Inc. $AMZN is Los Angeles Capital Management LLC’s 6th Largest Position

Los Angeles Capital Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,808,034 shares of the e-commerce giant’s stock after selling 537,961 shares during the period. Amazon.com accounts for approximately 3.1% of Los Angeles Capital Management LLC’s portfolio, making the stock its 6th biggest position. Los Angeles Capital Management LLC’s holdings in Amazon.com were worth $835,445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its stake in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the last quarter. Northern Trust Corp raised its position in Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after purchasing an additional 302,858 shares during the period. Nuveen LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock worth $11,461,952,000 after purchasing an additional 605,415 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMZN. Telsey Advisory Group boosted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, October 31st. New Street Research lifted their price target on shares of Amazon.com from $270.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Piper Sandler reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday. President Capital upped their price objective on shares of Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Pivotal Research increased their price objective on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $296.11.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the sale, the director owned 7,170 shares of the company’s stock, valued at $1,670,610. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the transaction, the chief executive officer owned 6,273 shares of the company’s stock, valued at $1,360,613.70. This represents a 73.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,234 shares of company stock worth $19,076,767 over the last ninety days. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $229.11 on Friday. The firm has a 50 day moving average of $228.38 and a two-hundred day moving average of $223.65. 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. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60.

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

Amazon.com Company Profile

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.