Pacer Advisors Inc. Has $166.71 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Pacer Advisors Inc. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 894,682 shares of the e-commerce giant’s stock after selling 24,594 shares during the quarter. Pacer Advisors Inc.’s holdings in Amazon.com were worth $166,706,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after acquiring an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp raised its position in Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after purchasing an additional 289,532 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Amazon.com by 3.4% in the second quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock worth $7,917,906,000 after purchasing an additional 1,329,150 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Amazon.com by 1.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant’s stock valued at $6,161,579,000 after buying an additional 464,938 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $219.39 on Thursday. The stock has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 46.98, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The firm has a fifty day simple moving average of $211.67 and a 200 day simple moving average of $193.59. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. Research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Telsey Advisory Group upped their price objective on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Monness Crespi & Hardt boosted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Tigress Financial raised their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Redburn Atlantic upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

About Amazon.com

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.