Neuberger Berman Group LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,508,732 shares of the e-commerce giant's stock after selling 35,135 shares during the period. Amazon.com accounts for approximately 2.9% of Neuberger Berman Group LLC's portfolio, making the stock its 4th largest holding. Neuberger Berman Group LLC owned approximately 0.16% of Amazon.com worth $3,622,201,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter worth about $27,266,582,000. Vanguard Group Inc. increased its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the period. State Street Corp raised its position in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Finally, APG Asset Management N.V. lifted its stake in shares of Amazon.com by 1,782.4% during the fourth quarter. APG Asset Management N.V. now owns 7,269,638 shares of the e-commerce giant's stock worth $1,540,208,000 after purchasing an additional 6,883,447 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
Analyst Ratings Changes
AMZN has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Cantor Fitzgerald increased their price target on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Truist Financial dropped their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a 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 $244.09.
Check Out Our Latest Research Report on AMZN
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $192.08 on Friday. The company has a market capitalization of $2.04 trillion, a PE ratio of 34.73, a PEG ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average price is $188.71 and its 200-day moving average price is $207.77. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.
Insider Transactions at Amazon.com
In related news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. The trade was a 22.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,298 shares of company stock worth $23,818,478 in the last quarter. Insiders own 9.70% of the company's stock.
About Amazon.com
(
Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Amazon.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.
While Amazon.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
