Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 943,872 shares of the e-commerce giant’s stock after purchasing an additional 28,125 shares during the period. Amazon.com accounts for about 2.0% of Principal Financial Group Inc.’s investment portfolio, making the stock its 3rd largest position. Principal Financial Group Inc.’s holdings in Amazon.com were worth $3,100,654,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMZN. Sphinx Trading LP bought a new stake in Amazon.com in the 3rd quarter valued at $30,000. Lion Street Advisors LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at $52,000. Lountzis Asset Management LLC lifted its holdings in shares of Amazon.com by 60.0% during the 3rd quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $53,000 after purchasing an additional 6 shares in the last quarter. True Link Financial Advisors LLC acquired a new stake in Amazon.com in the 2nd quarter valued at $72,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Amazon.com in the second quarter valued at about $96,000. Institutional investors and hedge funds own 56.96% of the company’s stock.

A number of brokerages have commented on AMZN. Wolfe Research reduced their price objective on Amazon.com from $3,850.00 to $3,800.00 and set an “outperform” rating for the company in a research note on Friday, October 29th. BMO Capital Markets reissued a “buy” rating and set a $4,100.00 price objective on shares of Amazon.com in a research report on Sunday, October 31st. Robert W. Baird restated an “outperform” rating and set a $4,000.00 price target on shares of Amazon.com in a report on Monday, January 3rd. Raymond James dropped their price objective on Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. Finally, Guggenheim assumed coverage on shares of Amazon.com in a research note on Tuesday, November 23rd. They issued a “buy” rating and a $4,300.00 price target on the stock. Forty investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $4,201.88.

Shares of NASDAQ AMZN opened at $3,242.76 on Friday. Amazon.com, Inc. has a 1-year low of $2,881.00 and a 1-year high of $3,773.08. The firm has a market capitalization of $1.64 trillion, a PE ratio of 63.43, a P/E/G ratio of 2.62 and a beta of 1.10. The business’s fifty day moving average price is $3,438.21 and its two-hundred day moving average price is $3,427.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $9.10 by ($2.98). The company had revenue of $110.81 billion for the quarter, compared to the consensus estimate of $111.66 billion. Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $12.37 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 40.79 earnings per share for the current fiscal year.

In other news, insider Jeffrey P. Bezos sold 50,034 shares of the firm’s stock in a transaction on Tuesday, November 2nd. The shares were sold at an average price of $3,319.45, for a total transaction of $166,085,361.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 271 shares of Amazon.com stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $3,700.00, for a total transaction of $1,002,700.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,314 shares of company stock worth $292,824,570. 14.00% of the stock is owned by company insiders.

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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