Pacer Advisors Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,063 shares of the e-commerce giant’s stock after acquiring an additional 7,501 shares during the period. Amazon.com accounts for about 2.9% of Pacer Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Pacer Advisors Inc.’s holdings in Amazon.com were worth $130,303,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Enterprise Trust & Investment Co bought a new position in Amazon.com in the 2nd quarter valued at $27,000. Phocas Financial Corp. bought a new position in Amazon.com in the 2nd quarter valued at $45,000. Litman Gregory Asset Management LLC bought a new position in Amazon.com in the 2nd quarter valued at $53,000. Cerebellum GP LLC raised its position in 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 purchasing an additional 9 shares during the last quarter. Finally, Clear Investment Research LLC raised its position in shares of Amazon.com by 27.6% during the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after acquiring an additional 8 shares during the last quarter. 55.71% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on AMZN. Deutsche Bank boosted their target price on Amazon.com from $2,315.00 to $2,515.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Loop Capital set a $2,380.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Monday, July 15th. Wolfe Research began coverage on Amazon.com in a research report on Tuesday. They set an “outperform” rating for the company. Cowen set a $2,500.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Credit Suisse Group restated an “outperform” rating and set a $2,250.00 target price (up previously from $2,200.00) on shares of Amazon.com in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $2,256.29.
In related news, CFO Brian T. Olsavsky sold 1,765 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total transaction of $3,146,995.00. Following the sale, the chief financial officer now owns 2,480 shares of the company’s stock, valued at $4,421,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Indra K. Nooyi purchased 100 shares of Amazon.com stock in a transaction that occurred on Friday, October 4th. The shares were bought at an average cost of $1,726.06 per share, for a total transaction of $172,606.00. Following the transaction, the director now directly owns 250 shares of the company’s stock, valued at $431,515. The disclosure for this purchase can be found here. Insiders have sold 22,443 shares of company stock worth $40,205,835 in the last three months. 16.10% of the stock is currently owned by company insiders.
Shares of NASDAQ AMZN traded up $23.55 during trading hours on Friday, reaching $1,743.81. 740,567 shares of the stock were exchanged, compared to its average volume of 3,106,419. The firm has a market capitalization of $862.20 billion, a price-to-earnings ratio of 86.58, a P/E/G ratio of 2.17 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. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The stock’s fifty day simple moving average is $1,776.47 and its 200 day simple moving average is $1,847.28.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The firm had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. Amazon.com’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $5.07 EPS. Research analysts predict that Amazon.com, Inc. will post 24.01 EPS for the current fiscal year.
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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