Amazon.com, Inc. $AMZN Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 36.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,540,338 shares of the e-commerce giant’s stock after acquiring an additional 2,026,408 shares during the period. Amazon.com accounts for approximately 1.3% of Primecap Management Co. CA’s portfolio, making the stock its 20th biggest holding. Primecap Management Co. CA’s holdings in Amazon.com were worth $1,654,275,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the second quarter valued at $27,000. Maryland Capital Advisors Inc. grew its position in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Ryan Investment Management Inc. acquired a new position in Amazon.com during the 2nd quarter valued at about $48,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Amazon.com during the 1st quarter worth about $59,000. Finally, Access Investment Management LLC acquired a new stake in shares of Amazon.com in the 2nd quarter worth approximately $74,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. The trade was a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the sale, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,234 shares of company stock valued at $19,076,767 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Zacks Research upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Bank of America increased their price target on Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Amazon.com in a research note on Friday. Truist Financial set a $290.00 target price on Amazon.com in a research note on Friday, October 31st. Finally, BNP Paribas began coverage on Amazon.com in a report on Monday, November 24th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $296.78.

Amazon.com Stock Performance

Shares of AMZN opened at $226.89 on Tuesday. The company has a 50-day moving average of $228.67 and a two-hundred day moving average of $224.28. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

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.