Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Legal & General Group Plc

Legal & General Group Plc boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the second quarter, Holdings Channel.com reports. The firm owned 2,590,818 shares of the e-commerce giant’s stock after acquiring an additional 138,185 shares during the period. Amazon.com comprises approximately 3.0% of Legal & General Group Plc’s investment portfolio, making the stock its 3rd largest position. Legal & General Group Plc’s holdings in Amazon.com were worth $8,912,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Laurel Wealth Planning LLC boosted its stake in Amazon.com by 57.1% during the 2nd quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 8 shares during the last quarter. Newfound Research LLC boosted its stake in Amazon.com by 62.5% during the 2nd quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock valued at $89,000 after acquiring an additional 10 shares during the last quarter. Horan Securities Inc. boosted its stake in Amazon.com by 125.0% during the 2nd quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock valued at $92,000 after acquiring an additional 15 shares during the last quarter. Saban Cheryl bought a new position in Amazon.com during the 1st quarter valued at $102,000. Finally, regents capital Ltd bought a new position in Amazon.com during the 1st quarter valued at $105,000. 57.67% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jonathan Rubinstein sold 286 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $3,500.00, for a total value of $1,001,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 492 shares of Amazon.com stock in a transaction that occurred on Monday, August 23rd. The shares were sold at an average price of $3,211.90, for a total transaction of $1,580,254.80. Following the completion of the transaction, the chief executive officer now directly owns 87,327 shares in the company, valued at approximately $280,485,591.30. The disclosure for this sale can be found here. Insiders sold 4,463 shares of company stock valued at $14,784,642 over the last quarter. Corporate insiders own 14.00% of the company’s stock.

A number of research firms have commented on AMZN. BMO Capital Markets reduced their price objective on shares of Amazon.com from $4,300.00 to $4,100.00 and set an “outperform” rating on the stock in a research note on Friday, July 30th. Morgan Stanley reduced their price target on shares of Amazon.com from $4,300.00 to $4,100.00 and set an “overweight” rating on the stock in a research report on Monday. Evercore ISI raised their price target on shares of Amazon.com from $4,200.00 to $4,700.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 14th. Credit Suisse Group raised their price target on shares of Amazon.com from $4,000.00 to $4,850.00 and gave the stock an “outperform” rating in a research report on Monday, July 26th. Finally, Susquehanna reduced their price target on shares of Amazon.com from $5,500.00 to $5,000.00 and set a “positive” rating on the stock in a research report on Friday, July 30th. One research analyst has rated the stock with a hold rating and forty have given a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $4,146.65.

Shares of AMZN stock traded down $76.91 during trading on Tuesday, hitting $3,328.89. 70,688 shares of the company were exchanged, compared to its average volume of 3,460,439. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.20. The firm has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 58.71, a P/E/G ratio of 2.41 and a beta of 1.14. The business’s 50-day simple moving average is $3,415.36 and its 200 day simple moving average is $3,357.98. Amazon.com, Inc. has a twelve month low of $2,881.00 and a twelve month high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 EPS for the quarter, topping the consensus estimate of $12.22 by $2.90. The business had revenue of $113.08 billion during the quarter, compared to analysts’ expectations of $115.08 billion. Amazon.com had a net margin of 6.64% and a return on equity of 29.86%. On average, equities analysts forecast that Amazon.com, Inc. will post 52.18 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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