Ascent Group LLC Acquires 2,180 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ascent Group LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,833 shares of the e-commerce giant's stock after buying an additional 2,180 shares during the period. Amazon.com comprises 1.7% of Ascent Group LLC's portfolio, making the stock its 6th largest holding. Ascent Group LLC's holdings in Amazon.com were worth $22,341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. lifted its position in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC increased its holdings in Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter worth $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last 90 days. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AMZN shares. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Evercore ISI decreased their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Bank of America lifted their price target on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $5.66 on Friday, hitting $213.57. 39,746,466 shares of the company were exchanged, compared to its average volume of 42,103,488. The stock's 50 day moving average price is $191.84 and its 200 day moving average price is $208.71. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

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

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.