United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires 40,063 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 765,009 shares of the e-commerce giant’s stock after buying an additional 40,063 shares during the period. Amazon.com makes up approximately 6.2% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 3rd biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Amazon.com were worth $147,838,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Total Investment Management Inc. grew its position in shares of Amazon.com by 1.5% in the second quarter. Total Investment Management Inc. now owns 7,247 shares of the e-commerce giant’s stock valued at $1,401,000 after purchasing an additional 108 shares during the last quarter. HCR Wealth Advisors boosted its stake in Amazon.com by 1.8% during the 2nd quarter. HCR Wealth Advisors now owns 49,723 shares of the e-commerce giant’s stock valued at $9,609,000 after purchasing an additional 871 shares during the period. Fairbanks Capital Management Inc. grew its holdings in Amazon.com by 1.1% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 25,756 shares of the e-commerce giant’s stock valued at $4,977,000 after buying an additional 287 shares during the last quarter. NRI Wealth Management LC bought a new position in Amazon.com in the 2nd quarter worth approximately $5,373,000. Finally, First Foundation Advisors lifted its holdings in shares of Amazon.com by 0.3% during the second quarter. First Foundation Advisors now owns 386,921 shares of the e-commerce giant’s stock worth $74,772,000 after buying an additional 1,230 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Bank of America lowered their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Truist Financial raised their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Roth Mkm boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein raised their target price on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $222.67.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.1 %

Shares of Amazon.com stock opened at $182.72 on Wednesday. The business has a fifty day simple moving average of $179.13 and a 200 day simple moving average of $183.01. The stock has a market cap of $1.90 trillion, a PE ratio of 51.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Research analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current 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.