Allspring Global Investments Holdings LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,932,328 shares of the e-commerce giant’s stock after selling 203,454 shares during the period. Amazon.com accounts for 1.7% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 2nd biggest holding. Allspring Global Investments Holdings LLC owned 0.06% of Amazon.com worth $1,070,073,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of AMZN. Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter valued at $17,700,551,000. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares during the last quarter. Global Assets Advisory LLC lifted its stake in shares of Amazon.com by 30,350.2% in the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after purchasing an additional 6,510,119 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Amazon.com by 13.4% in the 4th quarter. California Public Employees Retirement System now owns 19,641,430 shares of the e-commerce giant’s stock valued at $2,984,319,000 after purchasing an additional 2,319,577 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Price Performance
Shares of AMZN stock opened at $194.49 on Monday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm’s 50 day moving average is $187.63 and its 200-day moving average is $176.49. The firm has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 54.48, a PEG ratio of 1.39 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:AMZN – Get Free Report) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the business earned $0.31 earnings per share. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.
Insider Transactions at Amazon.com
In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,113,490 shares of company stock worth $1,222,340,738. Corporate insiders own 10.80% of the company’s stock.
Analyst Ratings Changes
AMZN has been the subject of several analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research note on Tuesday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research note on Tuesday, July 9th. Tigress Financial lifted their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $217.38.
Check Out Our Latest Analysis on AMZN
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.
Read More
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.