Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,883,977 shares of the e-commerce giant’s stock after purchasing an additional 464,938 shares during the quarter. Amazon.com comprises approximately 1.9% of Massachusetts Financial Services Co. MA’s investment portfolio, making the stock its 4th largest position. Massachusetts Financial Services Co. MA’s holdings in Amazon.com were worth $6,161,579,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $30,000. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc increased its stake in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Steph & Co. acquired a new stake in shares of Amazon.com in the 1st quarter worth $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com in the 1st quarter worth $69,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.1 %

AMZN opened at $187.69 on Wednesday. The company has a 50 day moving average of $180.63 and a 200 day moving average of $183.30. The company has a market cap of $1.95 trillion, a PE ratio of 52.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

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, topping the consensus estimate of $1.05 by $0.18. The company 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%. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. Wolfe Research started coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Pivotal Research started coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Wells Fargo & Company downgraded Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Finally, Bank of America cut their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,355 shares of company stock valued at $9,877,423. Company insiders own 10.80% of the company’s stock.

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.