Amazon.com, Inc. (NASDAQ:AMZN) position was increased by Natixis Advisors LLC

VaselineSeptember 30, 2024

0 4 minutes read

Natixis Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,238,012 shares of the e-commerce giant’s stock after acquiring an additional 670,029 shares during the quarter. Amazon.com makes up 3.0% of Natixis Advisors LLC’s portfolio, making the stock its 3rd largest holding. Natixis Advisors LLC owned about 0.07% of Amazon.com worth $1,398,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BSN CAPITAL PARTNERS Ltd boosted its holdings in shares of Amazon.com by 13.8% in the second quarter. BSN CAPITAL PARTNERS Ltd now owns 2,140,000 shares of the e-commerce giant’s stock worth $397,337,000 after purchasing an additional 260,000 shares during the last quarter. Mandatum Life Insurance Co Ltd raised its stake in Amazon.com by 2.7% during the second quarter. Mandatum Life Insurance Co Ltd now owns 19,349 shares of the e-commerce giant’s stock worth $3,739,000 after acquiring an additional 510 shares during the last quarter. Game Plan Financial Advisors LLC boosted its holdings in shares of Amazon.com by 5.2% in the second quarter. Game Plan Financial Advisors LLC now owns 35,648 shares of the e-commerce giant’s stock worth $6,889,000 after acquiring an additional 1,778 shares during the period. Waterfront Wealth Inc. raised its stake in Amazon.com by 2.0% in the second quarter. Waterfront Wealth Inc. now owns 13,634 shares of the e-commerce giant’s stock valued at $2,635,000 after purchasing an additional 272 shares in the last quarter. Finally, DA Davidson & CO. raised its holdings in shares of Amazon.com by 3.6% during the second quarter. DA Davidson & CO. now owns 639,067 shares of the e-commerce giant’s stock worth $123,500,000 after buying an additional 22,160 shares during the period. 72.20% of the shares are currently held by hedge funds and other institutional investors.

Insider trading on Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The sale was disclosed in a filing with the SEC, which is accessible via this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,098,297 shares of company stock worth $1,219,443,957. 10.80% of shares are currently owned by insiders.

Amazon.com Price Performance

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Amazon.com stock opened at $187.97 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.10, and a debt-to-equity ratio of 0.23. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $201.20. The stock’s 50-day simple moving average is $178.92 and its 200-day simple moving average is $182.68. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN – Get Your Free Report ) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts expect Amazon.com, Inc. to post 4.86 earnings per share for the current fiscal year.

Analysts set new price targets

AMZN has been the subject of several recent research reports. Goldman Sachs Group dropped their price objective on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wolfe Research assumed coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target for the company. Maxim Group upped their target price on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Robert W. Baird raised their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday. , June 21. One research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Amazon.com currently has an average rating of “Buy” and an average price target of $222.84, according to MarketBeat.com.

Check out our latest report on Amazon.com

Amazon.com Company Profile

(Free report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising and subscription services through online and brick-and-mortar stores in North America and internationally. The company operates through three segments: North America, International and Amazon Web Services (AWS). It also makes and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink and eero; and develops and produces media content.