Pacer Advisors Inc. Has $127.94 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Pacer Advisors Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 842,048 shares of the e-commerce giant’s stock after selling 51,892 shares during the period. Pacer Advisors Inc.’s holdings in Amazon.com were worth $127,941,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mayflower Financial Advisors LLC grew its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares during the period. PayPay Securities Corp grew its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. Laurel Wealth Planning LLC grew its holdings in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Amazon.com in the 4th quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the sale, the chief executive officer now owns 2,014,055 shares of the company’s stock, valued at $339,670,375.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,210,510 shares of company stock valued at $5,505,223,106. Insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $180.69 on Wednesday. The company has a market cap of $1.88 trillion, a price-to-earnings ratio of 62.31, a PEG ratio of 1.57 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a 50 day simple moving average of $171.85 and a 200 day simple moving average of $152.11. Amazon.com, Inc. has a one year low of $97.71 and a one year high of $183.00.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Research analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Wolfe Research boosted their price target on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. JMP Securities boosted their price objective on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday. BMO Capital Markets began coverage on shares of Amazon.com in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price objective on the stock. Finally, Needham & Company LLC boosted their price objective on shares of Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $198.09.

Check Out Our Latest Report on Amazon.com

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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

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