Ameritas Investment Partners Inc. Has $58.37 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ameritas Investment Partners Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 302,033 shares of the e-commerce giant’s stock after selling 1,626 shares during the period. Amazon.com comprises about 3.4% of Ameritas Investment Partners Inc.’s portfolio, making the stock its 3rd biggest holding. Ameritas Investment Partners Inc.’s holdings in Amazon.com were worth $58,368,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Capital Research Global Investors lifted its position in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Amazon.com by 0.4% during the second 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 acquiring an additional 289,532 shares during the period. Jennison Associates LLC boosted its holdings in Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after acquiring an additional 295,132 shares during the period. Finally, Capital International Investors grew its position in shares of Amazon.com by 7.4% in the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock valued at $7,642,732,000 after purchasing an additional 2,932,192 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $188.99 on Monday. The business has a fifty day moving average of $181.98 and a 200-day moving average of $183.43. 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, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The firm has a market cap of $1.97 trillion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

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

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the business’s 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 completion of the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 over the last three months. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Securities boosted their price objective on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Wolfe Research assumed coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target for the company. Piper Sandler reduced their price objective on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Scotiabank started coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 target price on the stock. Finally, Evercore ISI reiterated an “outperform” rating and set a $240.00 target price on shares of Amazon.com in a research note on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

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.