Northern Trust Corp Has $21.30 Billion Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Northern Trust Corp lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,076,276 shares of the e-commerce giant's stock after acquiring an additional 11,926,749 shares during the quarter. Amazon.com makes up approximately 3.0% of Northern Trust Corp's portfolio, making the stock its 4th largest position. Northern Trust Corp owned about 0.92% of Amazon.com worth $21,297,564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bard Financial Services Inc. boosted its stake in Amazon.com by 0.9% in the fourth quarter. Bard Financial Services Inc. now owns 55,690 shares of the e-commerce giant's stock valued at $12,218,000 after acquiring an additional 475 shares during the last quarter. Iowa State Bank raised its holdings in shares of Amazon.com by 1.3% in the 4th quarter. Iowa State Bank now owns 47,054 shares of the e-commerce giant's stock worth $10,323,000 after purchasing an additional 602 shares during the period. Kozak & Associates Inc. lifted its stake in Amazon.com by 3.7% in the fourth quarter. Kozak & Associates Inc. now owns 83,736 shares of the e-commerce giant's stock valued at $18,773,000 after purchasing an additional 2,950 shares during the last quarter. Insight Wealth Strategies LLC grew its holdings in Amazon.com by 1.0% during the fourth quarter. Insight Wealth Strategies LLC now owns 27,811 shares of the e-commerce giant's stock valued at $6,101,000 after purchasing an additional 265 shares during the period. Finally, Fortem Financial Group LLC increased its position in Amazon.com by 7.8% in the fourth quarter. Fortem Financial Group LLC now owns 21,076 shares of the e-commerce giant's stock worth $4,624,000 after buying an additional 1,526 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $2.95 during trading on Wednesday, hitting $201.12. 42,365,189 shares of the stock traded hands, compared to its average volume of 41,955,975. The stock has a market cap of $2.14 trillion, a price-to-earnings ratio of 36.37, 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. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm's fifty day moving average is $189.68 and its 200-day moving average is $208.79.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,081 shares of company stock worth $17,421,044. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMZN has been the topic of several research reports. Wedbush restated an "outperform" rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Maxim Group lifted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target 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. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.