Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 88.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 27,897 shares of the e-commerce giant’s stock after buying an additional 13,090 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Amazon.com were worth $5,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP purchased a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the 3rd quarter valued at approximately $45,000. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com in the third quarter valued at approximately $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMZN shares. Pivotal Research began coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. UBS Group raised their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $220.66 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $149.91 and a fifty-two week high of $233.00. The firm has a 50-day simple moving average of $217.35 and a 200-day simple moving average of $195.93. The company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

About Amazon.com

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.