Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,238,012 shares of the e-commerce giant’s stock after acquiring an additional 670,029 shares during the quarter. Amazon.com makes up 3.0% of Natixis Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Natixis Advisors LLC owned approximately 0.07% of Amazon.com worth $1,398,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BSN CAPITAL PARTNERS Ltd boosted its holdings in shares of Amazon.com by 13.8% in the 2nd quarter. BSN CAPITAL PARTNERS Ltd now owns 2,140,000 shares of the e-commerce giant’s stock valued at $397,337,000 after purchasing an additional 260,000 shares during the last quarter. Mandatum Life Insurance Co Ltd increased its stake in Amazon.com by 2.7% during the second quarter. Mandatum Life Insurance Co Ltd now owns 19,349 shares of the e-commerce giant’s stock worth $3,739,000 after acquiring an additional 510 shares during the last quarter. Game Plan Financial Advisors LLC raised its holdings in shares of Amazon.com by 5.2% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 35,648 shares of the e-commerce giant’s stock worth $6,889,000 after purchasing an additional 1,778 shares during the period. Waterfront Wealth Inc. lifted its stake in shares of Amazon.com by 2.0% in the 2nd quarter. Waterfront Wealth Inc. now owns 13,634 shares of the e-commerce giant’s stock valued at $2,635,000 after purchasing an additional 272 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Amazon.com by 3.6% during the 2nd quarter. D.A. Davidson & CO. now owns 639,067 shares of the e-commerce giant’s stock worth $123,500,000 after purchasing an additional 22,160 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,098,297 shares of company stock worth $1,219,443,957. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $187.97 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The stock’s 50-day simple moving average is $178.92 and its 200-day simple moving average is $182.68. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. The Goldman Sachs Group dropped their price objective on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wolfe Research assumed coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price for the company. Maxim Group boosted their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Robert W. Baird upped their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $222.84.

Amazon.com Company 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.