Amazon.com, Inc. (NASDAQ:AMZN) is Threadgill Financial LLC's 5th Largest Position
Threadgill Financial LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,668 shares of the e-commerce giant's stock after purchasing an additional 2,628 shares during the quarter. Amazon.com comprises about 5.6% of Threadgill Financial LLC's holdings, making the stock its 5th largest position. Threadgill Financial LLC's holdings in Amazon.com were worth $10,458,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its stake in Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Legal & General Group Plc lifted its stake in Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Amazon.com by 3.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock worth $10,776,201,000 after purchasing an additional 1,984,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Amazon.com by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after purchasing an additional 1,980,663 shares during the last quarter. Institutional investors own 72.20% of the company's stock.
Several equities research analysts have issued reports on the company. Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They set a "buy" rating and a $260.00 price target for the company. Oppenheimer lifted their price target on Amazon.com from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price target on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Raymond James boosted their target price on Amazon.com from $230.00 to $260.00 and gave the company a "strong-buy" rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $246.85.
Read Our Latest Research Report on AMZN
Amazon.com stock opened at $230.71 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.43 trillion, a P/E ratio of 49.40, a PEG ratio of 1.26 and a beta of 1.14. The stock's 50 day moving average is $218.30 and its 200 day moving average is $196.47. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.
In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by corporate insiders.
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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Amazon.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.
While Amazon.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.