Amazon.com, Inc. (AMZN) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844,380 shares of the e-commerce giant’s stock after acquiring an additional 11,427 shares during the period. Amazon.com accounts for 0.8% of Principal Financial Group Inc.’s holdings, making the stock its 9th biggest holding. Principal Financial Group Inc.’s holdings in Amazon.com were worth $811,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Vestor Capital LLC boosted its stake in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares in the last quarter. Whitnell & Co. boosted its stake in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com in the second quarter valued at approximately $116,000. Mountain Capital Investment Advisors Inc acquired a new stake in Amazon.com in the second quarter valued at approximately $121,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Amazon.com by 22.2% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 154 shares of the e-commerce giant’s stock valued at $153,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 59.82% of the company’s stock.

Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Bank of America restated a “buy” rating and issued a $1,460.00 target price (up from $1,220.00) on shares of Amazon.com in a research note on Tuesday. They noted that the move was a valuation call. BMO Capital Markets raised their target price on shares of Amazon.com to $1,600.00 and gave the company an “outperform” rating in a research note on Tuesday. SunTrust Banks restated a “buy” rating and issued a $1,400.00 target price (up from $1,270.00) on shares of Amazon.com in a research note on Friday, January 12th. Finally, UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating, fifty have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,278.33.

In other news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction dated 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 sale, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 402,338 shares of company stock worth $444,391,701. Company insiders own 17.70% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,295.00 on Thursday. Amazon.com, Inc. has a 52-week low of $803.00 and a 52-week high of $1,339.94. The stock has a market cap of $624,020.00, a PE ratio of 327.02, a PEG ratio of 7.74 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same quarter last year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. sell-side analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current year.

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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.

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

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