National Pension Service boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 329,173 shares of the e-commerce giant’s stock after purchasing an additional 10,838 shares during the quarter. Amazon.com comprises approximately 1.9% of National Pension Service’s portfolio, making the stock its 4th biggest position. National Pension Service owned approximately 0.07% of Amazon.com worth $384,958,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Asset Dedication LLC lifted its stake in Amazon.com by 2.8% in the fourth quarter. Asset Dedication LLC now owns 2,164 shares of the e-commerce giant’s stock valued at $2,528,000 after buying an additional 58 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in Amazon.com by 113.6% in the fourth quarter. Wasatch Advisors Inc. now owns 1,692 shares of the e-commerce giant’s stock valued at $1,979,000 after buying an additional 900 shares during the last quarter. Bank of Montreal Can lifted its stake in Amazon.com by 9.6% in the fourth quarter. Bank of Montreal Can now owns 558,105 shares of the e-commerce giant’s stock valued at $652,687,000 after buying an additional 48,847 shares during the last quarter. Davis R M Inc. lifted its stake in Amazon.com by 6.5% in the fourth quarter. Davis R M Inc. now owns 2,397 shares of the e-commerce giant’s stock valued at $2,803,000 after buying an additional 147 shares during the last quarter. Finally, CWM LLC lifted its stake in Amazon.com by 10.1% in the fourth quarter. CWM LLC now owns 1,447 shares of the e-commerce giant’s stock valued at $1,692,000 after buying an additional 133 shares during the last quarter. 60.19% of the stock is owned by hedge funds and other institutional investors.
Shares of AMZN stock opened at $1,495.56 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76. The firm has a market capitalization of $747,906.94, a price-to-earnings ratio of 243.18, a price-to-earnings-growth ratio of 7.08 and a beta of 1.54. Amazon.com, Inc. has a twelve month low of $833.50 and a twelve month high of $1,617.54.
A number of equities research analysts have weighed in on AMZN shares. Vetr cut Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 price objective for the company. in a research note on Monday, January 29th. Wells Fargo upped their price target on Amazon.com to $1,525.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. They noted that the move was a valuation call. Goldman Sachs restated a “conviction-buy” rating on shares of Amazon.com in a research note on Friday, February 2nd. UBS upped their price target on Amazon.com to $1,760.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. They noted that the move was a valuation call. Finally, BidaskClub upgraded Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Four research analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1,477.78.
In related news, CEO Jeffrey A. Wilke sold 500 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total transaction of $788,925.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $15,778,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,214 shares of company stock worth $9,251,120. Corporate insiders own 17.70% of the company’s stock.
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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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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