Assenagon Asset Management S.A. Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Assenagon Asset Management S.A. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the third quarter, HoldingsChannel reports. The firm owned 14,353,821 shares of the e-commerce giant’s stock after acquiring an additional 1,251,698 shares during the quarter. Amazon.com accounts for 4.9% of Assenagon Asset Management S.A.’s holdings, making the stock its largest position. Assenagon Asset Management S.A.’s holdings in Amazon.com were worth $2,674,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. BOCHK Asset Management Ltd increased its position in Amazon.com by 44.6% in the 3rd quarter. BOCHK Asset Management Ltd now owns 84,041 shares of the e-commerce giant’s stock valued at $15,659,000 after buying an additional 25,941 shares in the last quarter. IFM Investors Pty Ltd increased its position in Amazon.com by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 1,890,875 shares of the e-commerce giant’s stock valued at $352,327,000 after buying an additional 6,391 shares in the last quarter. Pinnacle West Asset Management Inc. increased its position in Amazon.com by 0.6% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 19,470 shares of the e-commerce giant’s stock valued at $3,628,000 after buying an additional 110 shares in the last quarter. Rogco LP increased its position in Amazon.com by 1.7% in the 3rd quarter. Rogco LP now owns 8,209 shares of the e-commerce giant’s stock valued at $1,530,000 after buying an additional 141 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in Amazon.com by 79.9% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 1,126 shares of the e-commerce giant’s stock valued at $210,000 after buying an additional 500 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.0 %

Amazon.com stock opened at $205.74 on Thursday. The stock has a market cap of $2.16 trillion, a P/E ratio of 44.06, a PEG ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90. The firm’s fifty day moving average price is $194.14 and its 200-day moving average price is $186.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 over the last 90 days. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of research analyst reports. Susquehanna boosted their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Telsey Advisory Group lifted their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Moffett Nathanson lifted their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group boosted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their target price on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

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.