Manning & Napier Group LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 27.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,850 shares of the e-commerce giant’s stock after purchasing an additional 15,957 shares during the period. Amazon.com comprises approximately 1.4% of Manning & Napier Group LLC’s holdings, making the stock its 18th biggest holding. Manning & Napier Group LLC’s holdings in Amazon.com were worth $128,196,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Enterprise Trust & Investment Co bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $27,000. Phocas Financial Corp. bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $45,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $53,000. Cerebellum GP LLC increased its stake in shares of Amazon.com by 18.0% in the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock valued at $69,000 after acquiring an additional 9 shares during the last quarter. Finally, Clear Investment Research LLC increased its stake in Amazon.com by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 55.71% of the company’s stock.
Shares of Amazon.com stock traded up $12.79 during trading hours on Thursday, hitting $1,734.78. The company’s stock had a trading volume of 400,941 shares, compared to its average volume of 3,105,771. The business has a 50 day moving average price of $1,778.29 and a two-hundred day moving average price of $1,847.51. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,035.80. The company has a market cap of $851.80 billion, a PE ratio of 86.14, a PEG ratio of 2.20 and a beta of 1.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10.
A number of research firms recently issued reports on AMZN. Benchmark reissued a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research note on Friday, July 26th. Wedbush reissued a “buy” rating and set a $2,350.00 target price on shares of Amazon.com in a research note on Monday, July 22nd. Raymond James set a $2,080.00 target price on Amazon.com and gave the stock an “outperform” rating in a research note on Friday, July 26th. Oppenheimer set a $2,100.00 target price on Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research raised Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 target price for the company in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $2,256.29.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total value of $5,173,028.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $18,475,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Indra K. Nooyi purchased 100 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the acquisition, the director now directly owns 250 shares of the company’s stock, valued at approximately $431,515. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 22,443 shares of company stock worth $40,205,835. Insiders own 16.10% of the company’s stock.
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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