Phillips Financial Management LLC takes $421,000 position on Amazon.com, Inc. (NASDAQ:AMZN)


Phillips Financial Management LLC has acquired a new stake in Amazon.com, Inc. (NASDAQ: AMZNGet a rating) during Q1, according to its most recent SEC filing. The institutional investor acquired 129 shares of the e-commerce giant, valued at around $421,000.

Several other institutional investors and hedge funds also changed their stakes in the company. State Street Corp increased its holdings of Amazon.com stock by 4.3% in the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant worth $56,755,855,000 after acquiring an additional 698,970 shares last quarter. Geode Capital Management LLC increased its stake in Amazon.com by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant worth $23,917,115,000 after buying an additional 195,716 shares last quarter. Capital Research Global Investors increased its stake in Amazon.com by 14.1% during the 4th quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant worth $15,253,179,000 after buying an additional 564,699 shares last quarter. Norges Bank acquired a new position on Amazon.com during the 4th quarter for a value of $14,053,756,000. Finally, Castleview Partners LLC acquired a new position in Amazon.com during the 4th quarter at a value of $1,143,000. 72.51% of the shares are held by institutional investors and hedge funds.

Insiders place their bets

In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the company in a transaction that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now directly owns 5,989 shares of the company, valued at $12,991,458.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the company in a transaction that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now directly owns 5,989 shares of the company, valued at $12,991,458.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Also, CFO Brian T. Olsavsky sold 761 shares of the company in a transaction that took place on Monday, May 23. The stock was sold at an average price of $2,169.22, for a total transaction of $1,650,776.42. Following the sale, the CFO now owns 2,375 shares of the company, valued at $5,151,897.50. Disclosure of this sale can be found here. Insiders have sold 37,722 shares of the company worth $12,737,509 in the past three months. Insiders hold 12.70% of the shares of the company.

Changes to analyst ratings

Several research companies have published reports on AMZN. Susquehanna Bancshares cut its price target on Amazon.com from $250.00 to $190.00 in a Friday, April 29 report. UBS Group raised its price target on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a Friday, July 29 report. Itau BBA Securities assumed coverage at Amazon.com in a research note on Tuesday, July 26. They issued an “outperform” rating and a price target of $146.00 on the stock. Credit Suisse Group cut its price target on Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a Tuesday, July 26 research note. Finally, Canaccord Genuity Group raised its price target on Amazon.com from $185.00 to $200.00 in a Friday, July 29 research note. Two equity research analysts gave the stock a sell rating, two issued a hold rating and thirty-seven gave the company a buy rating. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $177.99.

Amazon.com is trading down 2.9%

Shares of NASDAQ: AMZN opened at $138.23 on Friday. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The company has a market capitalization of $1.41 trillion, a P/E ratio of 123.92, a price-to-earnings growth ratio of 6.24 and a beta of 1.33. The company has a 50-day simple moving average of $121.39 and a 200-day simple moving average of $134.06. The company has a debt ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95.

Amazon.com (NASDAQ: AMZNGet a rating) last released its results on Thursday, July 28. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 per ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company posted revenue of $121.23 billion in the quarter, versus analyst estimates of $119.16 billion. In the same quarter last year, the company posted earnings per share of $0.76. The company’s revenue for the quarter increased 7.2% on an annual basis. Sell-side analysts expect Amazon.com, Inc. to post 1 earnings per share for the current year.

Amazon.co.uk Profile

(Get a rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Recommended Stories

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



Get news and reviews for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily newsletter.