First Trust Advisors LP Increases Position in Amazon.com, Inc. (AMZN)

First Trust Advisors LP boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 477,072 shares of the e-commerce giant’s stock after acquiring an additional 22,862 shares during the quarter. Amazon.com accounts for approximately 1.2% of First Trust Advisors LP’s investment portfolio, making the stock its 7th biggest position. First Trust Advisors LP owned 0.10% of Amazon.com worth $458,633,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Harbour Capital Advisors LLC boosted its stake in shares of Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after buying an additional 2,300,593 shares during the period. Janus Henderson Group PLC raised its position in shares of Amazon.com by 1,045.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after acquiring an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after acquiring an additional 764,115 shares in the last quarter. BlackRock Inc. raised its position in shares of Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after acquiring an additional 554,990 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Amazon.com by 125.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock worth $796,497,000 after acquiring an additional 457,300 shares in the last quarter. Institutional investors own 59.77% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,182.26 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a 12 month low of $747.70 and a 12 month high of $1,213.41. The firm has a market capitalization of $569,700.00, a P/E ratio of 298.55, a P/E/G ratio of 13.22 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. research analysts anticipate that Amazon.com, Inc. will post 4.24 EPS for the current year.

Several brokerages have recently weighed in on AMZN. Cantor Fitzgerald reissued a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research report on Thursday, September 28th. SunTrust Banks reissued a “buy” rating and set a $1,190.00 target price on shares of Amazon.com in a research report on Monday, October 2nd. Needham & Company LLC reissued a “buy” rating and set a $1,250.00 target price (up previously from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $1,375.00 target price (up previously from $1,220.00) on shares of Amazon.com in a research report on Monday, December 18th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $1,250.00 price target on shares of Amazon.com in a research report on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1,237.19.

In related news, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the sale, the director now directly owns 18,460 shares in the company, valued at $20,475,832. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 402,338 shares of company stock worth $444,391,701. Company insiders own 17.00% of the company’s stock.

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Amazon.com Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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