Great Lakes Retirement Inc. Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Great Lakes Retirement Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,342 shares of the e-commerce giant’s stock after purchasing an additional 1,221 shares during the quarter. Amazon.com accounts for approximately 2.9% of Great Lakes Retirement Inc.’s investment portfolio, making the stock its 5th largest position. Great Lakes Retirement Inc.’s holdings in Amazon.com were worth $22,135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake 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 worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC lifted its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 valued at $44,837,256,000 after buying an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new position in Amazon.com in the fourth quarter valued at about $27,266,582,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMZN shares. Mizuho dropped their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Benchmark reissued a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Tigress Financial raised their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $245.60.

Amazon.com Price Performance

AMZN stock opened at $223.13 on Friday. The firm has a 50 day moving average of $205.76 and a 200-day moving average of $208.76. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm 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 10.14% and a return on equity of 24.14%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,100,000 shares of the company’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider directly owned 905,679,901 shares in the company, valued at $200,535,643,679.42. This represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,426,963 shares of company stock valued at $757,297,707 over the last 90 days. Insiders own 9.70% of the company’s stock.

Amazon.com Company Profile

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.