IFM Investors Pty Ltd boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,080 shares of the e-commerce giant’s stock after acquiring an additional 2,294 shares during the period. Amazon.com accounts for 2.9% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 3rd biggest holding. IFM Investors Pty Ltd’s holdings in Amazon.com were worth $36,167,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc increased its stake in Amazon.com by 1.8% in the third quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock valued at $59,288,105,000 after acquiring an additional 516,913 shares during the period. Morgan Stanley increased its stake in Amazon.com by 2.4% in the third quarter. Morgan Stanley now owns 4,751,157 shares of the e-commerce giant’s stock valued at $9,516,567,000 after purchasing an additional 113,503 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Amazon.com by 700,301.9% in the third quarter. Bank of New York Mellon Corp now owns 3,999,295 shares of the e-commerce giant’s stock valued at $8,010,587,000 after purchasing an additional 3,998,724 shares in the last quarter. Legal & General Group Plc increased its stake in Amazon.com by 1.1% in the third quarter. Legal & General Group Plc now owns 1,642,555 shares of the e-commerce giant’s stock valued at $3,290,040,000 after purchasing an additional 18,497 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Amazon.com by 0.4% in the third quarter. Fisher Asset Management LLC now owns 1,569,103 shares of the e-commerce giant’s stock valued at $3,142,915,000 after purchasing an additional 6,027 shares in the last quarter. 56.03% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on AMZN. Oppenheimer increased their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. CIBC increased their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Societe Generale began coverage on shares of Amazon.com in a research report on Monday, April 8th. They set a “buy” rating and a $2,370.00 price objective for the company. BidaskClub raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a research report on Friday, January 25th. Four research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2,136.64.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, beating the consensus estimate of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The firm had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. During the same period last year, the firm earned $2.16 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 26.64 earnings per share for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $18,111,400. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the transaction, the director now directly owns 7,861 shares in the company, valued at $12,593,322. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,075 shares of company stock worth $11,802,708. Insiders own 16.30% of the company’s stock.
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Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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