Blair William & Co. IL Has $1.17 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Blair William & Co. IL increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,073,517 shares of the e-commerce giant’s stock after acquiring an additional 127,076 shares during the quarter. Amazon.com accounts for 3.6% of Blair William & Co. IL’s portfolio, making the stock its 3rd biggest position. Blair William & Co. IL’s holdings in Amazon.com were worth $1,173,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. PayPay Securities Corp grew its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Steph & Co. bought a new position in Amazon.com in the 1st quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com during the 1st quarter worth $69,000. Finally, Innealta Capital LLC bought a new position in shares of Amazon.com during the 2nd quarter worth $77,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. TD Cowen increased their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. UBS Group increased their price target on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Rosenblatt Securities increased their price target on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and set a $265.00 price target on shares of Amazon.com in a research note on Tuesday. Finally, Evercore ISI reiterated an “outperform” rating and set a $240.00 price target on shares of Amazon.com in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Price Performance

Shares of AMZN stock opened at $188.99 on Friday. The firm has a market cap of $1.97 trillion, a P/E ratio of 52.94, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The business’s 50 day moving average price is $181.98 and its 200-day moving average price is $183.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred 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 directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade 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, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is currently owned by insiders.

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.