Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Vestcor Inc

Vestcor Inc lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 264,712 shares of the e-commerce giant’s stock after purchasing an additional 4,844 shares during the quarter. Amazon.com accounts for 1.6% of Vestcor Inc’s portfolio, making the stock its 5th largest position. Vestcor Inc’s holdings in Amazon.com were worth $49,324,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Icon Wealth Advisors LLC lifted its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp lifted its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC bought a new position in Amazon.com during the third quarter valued at $45,000. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com in the third quarter valued at $56,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $220.52 on Thursday. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.32 trillion, a PE ratio of 47.22, a P/E/G ratio of 1.54 and a beta of 1.16. The business has a 50-day simple moving average of $204.37 and a two-hundred day simple moving average of $190.75.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Roth Mkm lifted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.00.

Amazon.com 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.