Exane Asset Management Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Exane Asset Management bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,462 shares of the e-commerce giant’s stock, valued at approximately $4,603,000. Amazon.com comprises 3.0% of Exane Asset Management’s holdings, making the stock its 7th biggest position.
A number of other large investors have also recently added to or reduced their stakes in the business. DRH Investments Inc. boosted its holdings in shares of Amazon.com by 5.1% in the second quarter. DRH Investments Inc. now owns 6,207 shares of the e-commerce giant’s stock worth $17,124,000 after acquiring an additional 300 shares during the period. Legacy Advisors LLC boosted its holdings in shares of Amazon.com by 23.3% in the second quarter. Legacy Advisors LLC now owns 1,038 shares of the e-commerce giant’s stock worth $2,864,000 after acquiring an additional 196 shares during the period. Comerica Bank boosted its holdings in shares of Amazon.com by 6.4% in the second quarter. Comerica Bank now owns 88,908 shares of the e-commerce giant’s stock worth $275,606,000 after acquiring an additional 5,326 shares during the period. Morningstar Investment Services LLC boosted its holdings in shares of Amazon.com by 4.2% in the second quarter. Morningstar Investment Services LLC now owns 22,214 shares of the e-commerce giant’s stock worth $59,541,000 after acquiring an additional 888 shares during the period. Finally, Kore Private Wealth LLC boosted its holdings in shares of Amazon.com by 13.9% in the second quarter. Kore Private Wealth LLC now owns 6,101 shares of the e-commerce giant’s stock worth $16,831,000 after acquiring an additional 743 shares during the period. 57.32% of the stock is owned by institutional investors and hedge funds.
Amazon.com stock opened at $3,272.71 on Friday. The stock’s 50 day simple moving average is $3,207.58 and its two-hundred day simple moving average is $2,802.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18. The stock has a market cap of $1,639.27 billion, a price-to-earnings ratio of 125.83, a PEG ratio of 3.59 and a beta of 1.35. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,552.25.
In other news, CFO Brian T. Olsavsky sold 1,377 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total value of $4,369,386.24. Following the sale, the chief financial officer now directly owns 2,638 shares of the company’s stock, valued at approximately $8,370,690.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Indra K. Nooyi purchased 8 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was bought at an average cost of $3,208.60 per share, for a total transaction of $25,668.80. Following the completion of the transaction, the director now owns 826 shares in the company, valued at $2,650,303.60. The disclosure for this purchase can be found here. Over the last three months, insiders sold 102,815 shares of company stock worth $324,095,003. Insiders own 16.10% of the company’s stock.
AMZN has been the subject of a number of analyst reports. Wedbush raised their price target on Amazon.com from $3,500.00 to $3,700.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Zacks Investment Research lowered Amazon.com from a “hold” rating to a “sell” rating and set a $3,359.00 price objective for the company. in a research note on Tuesday, October 6th. KeyCorp lifted their price objective on Amazon.com from $3,285.00 to $3,500.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their price objective on Amazon.com from $3,000.00 to $3,600.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and forty-nine have issued a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $3,438.90.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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