National Pension Service purchases 263,238 shares of Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest filing with the SEC, National Pension Service increased its holdings in Amazon.com, Inc. shares. (NASDAQ:AMZN – Free Report) up 1.9% in the fourth quarter. The company owned 14,050,284 shares of the e-commerce giant after purchasing an additional 263,238 shares during the period. Amazon.com accounts for approximately 3.0% of National Pension Service’s portfolio, making it the fourth largest company. National Pension Service owned 0.14% of Amazon.com, worth $2,134,800,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently increased or decreased their stakes in the company. Tandem Capital Management Corp ADV increased its position in shares of Amazon.com by 65.4% during the third quarter. Tandem Capital Management Corp ADV now owns 3,990 shares of the e-commerce giant’s stock valued at $507,000 after acquiring an additional 1,577 shares during the period. Narus Financial Partners LLC increased its position in shares of Amazon.com by 1.1% during the 3rd quarter. Narus Financial Partners LLC now owns 7,465 shares of the e-commerce giant’s stock valued at $949,000 after acquiring an additional 82 shares during the period. Mcdonald Partners LLC increased its position in shares of Amazon.com by 4.7% during the third quarter. Mcdonald Partners LLC now owns 22,664 shares of the e-commerce giant’s stock valued at $2,881,000 after acquiring an additional 1,009 shares during the period. Choate Investment Advisors increased its position in shares of Amazon.com by 48.0% during the third quarter. Choate Investment Advisors now owns 191,745 shares of the e-commerce giant’s stock valued at $24,375,000 after acquiring an additional 62,165 shares during the period. Finally, Orca Investment Management LLC increased its position in shares of Amazon.com by 16.2% in the third quarter. Orca Investment Management LLC now owns 7,574 shares of the e-commerce giant’s stock valued at $963,000 after acquiring an additional 1,054 shares during the period. 72.20% of the shares are held by institutional investors and hedge funds.

Changes in analyst ratings

AMZN has been the subject of numerous analyst reports. Roth Mkm reiterated a “buy” rating and set a $210.00 price target on shares of Amazon.com (up from $205.00) in a research report on Wednesday, May 1st. TD Cowen increased their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Rosenblatt Securities affirmed a “buy” rating and set a price target for shares of Amazon.com at $220.00 in a research note on Wednesday, May 1st. Monness Crespi & Hardt increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada raised their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equity research analyst has rated the stock with a hold rating, forty-four have rated the stock with a buy rating and one has given the stock a strong buy rating. The stock has an average rating of “Buy” and a consensus price target of $211.62, according to MarketBeat.com.

Read our latest stock report on Amazon.com

Insiders place their bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44 for a total value of $3,771,048.96. Following the completion of the transaction, the CEO now owns 2,025,358 shares of the company’s stock valued at $367,480,955.52. The transaction was disclosed in a legal filing filed with the Securities and Exchange Commission, which can be accessed via this hyperlink. In other Amazon.com news, CEO Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction on Monday, March 4. The shares were sold at an average price of $180.00, for a total value of $1,000,080.00. Following the completion of the transaction, the director now owns 109,664 shares of the company’s stock valued at $19,739,520. The transaction was disclosed in a legal filing filed with the Securities and Exchange Commission, which can be accessed via this hyperlink. Additionally, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44 for a total transaction of $3,771,048.96. Following the completion of the transaction, the CEO now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The announcement of this sale can be found here. Over the last 90 days, insiders have sold a total of 117,894 shares of company stock worth $21,363,909. Corporate insiders own 10.80% of the company’s shares.

Amazon.com shares fell 0.1%

On Thursday, Amazon.com shares closed at $182.02. Amazon.com, Inc. it has a fifty-two week low of $118.35 and a fifty-two week high of $191.70. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a 50-day moving average price of $182.37 and a 200-day moving average price of $167.05. The company has a market capitalization of $1.89 trillion, a PE ratio of 50.99, a price-to-earnings growth ratio of 1.29 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, $0.15 above the consensus estimate of $0.83. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter increased 12.5% ​​year-over-year. During the same quarter last year, the company earned $0.31 EPS. Analysts expect Amazon.com, Inc. will see 4.72 earnings per share for the current year.

About Amazon.com

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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