Amazon.com, Inc. (NASDAQ:AMZN) is Aigen Investment Management LP’s 7th Largest Position

Aigen Investment Management LP decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,090 shares of the e-commerce giant’s stock after selling 1,529 shares during the quarter. Amazon.com comprises 0.9% of Aigen Investment Management LP’s investment portfolio, making the stock its 7th largest holding. Aigen Investment Management LP’s holdings in Amazon.com were worth $4,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Prime Capital Investment Advisors LLC lifted its stake in shares of Amazon.com by 7.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 525,823 shares of the e-commerce giant’s stock worth $97,977,000 after buying an additional 34,298 shares during the last quarter. Hemenway Trust Co LLC boosted its position in shares of Amazon.com by 1.0% during the 3rd quarter. Hemenway Trust Co LLC now owns 234,080 shares of the e-commerce giant’s stock valued at $43,616,000 after acquiring an additional 2,264 shares in the last quarter. Savvy Advisors Inc. grew its stake in Amazon.com by 32.2% during the third quarter. Savvy Advisors Inc. now owns 30,746 shares of the e-commerce giant’s stock worth $5,729,000 after buying an additional 7,486 shares during the last quarter. Mascoma Wealth Management LLC increased its holdings in shares of Amazon.com by 2.4% during the third quarter. Mascoma Wealth Management LLC now owns 6,412 shares of the e-commerce giant’s stock worth $1,195,000 after buying an additional 150 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in Amazon.com in the third quarter worth $2,802,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Bank of America raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wedbush boosted their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities 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. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated 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 transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This 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 worth $1,253,883,872 in the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $224.92 on Monday. The stock has a market capitalization of $2.37 trillion, a PE ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The company’s 50-day moving average is $205.83 and its 200-day moving average is $191.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.