IFM Investors Pty Ltd Buys 22,906 Shares of Amazon.com, Inc. $AMZN

IFM Investors Pty Ltd boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,855,163 shares of the e-commerce giant’s stock after buying an additional 22,906 shares during the quarter. Amazon.com accounts for approximately 3.6% of IFM Investors Pty Ltd’s portfolio, making the stock its 4th largest holding. IFM Investors Pty Ltd’s holdings in Amazon.com were worth $428,209,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $32,868,735,000. Nuveen LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $11,674,091,000. Laurel Wealth Advisors LLC grew its position in shares of Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares during the last quarter. Finally, Capital Research Global Investors grew its position in shares of Amazon.com by 11.3% in the third quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant’s stock valued at $20,702,362,000 after purchasing an additional 9,583,217 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN opened at $241.51 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The company has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 28.89, a PEG ratio of 1.78 and a beta of 1.44. The company’s 50 day simple moving average is $252.93 and its 200 day simple moving average is $233.59. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. Amazon.com’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays reiterated an “overweight” rating on shares of Amazon.com in a research report on Tuesday. Maxim Group increased their price target on shares of Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. KeyCorp increased their price target on shares of Amazon.com from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets upped their price objective on shares of Amazon.com from $310.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Arete Research upped their price objective on shares of Amazon.com from $301.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $312.78.

Check Out Our Latest Report on AMZN

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,270 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $11,060,750.70. This trade represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the transaction, the chief executive officer directly owned 471,361 shares in the company, valued at approximately $129,624,275. This represents a 5.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 195,774 shares of company stock worth $51,614,434. Company insiders own 8.90% of the company’s stock.

Key Headlines Impacting Amazon.com

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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