Renaissance Technologies LLC Acquires Shares of 3,150,700 Amazon.com, Inc. (NASDAQ:AMZN)

Renaissance Technologies LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,150,700 shares of the e-commerce giant’s stock, valued at approximately $356,029,000. Amazon.com makes up about 0.5% of Renaissance Technologies LLC’s portfolio, making the stock its 22nd largest position.

Several other large investors also recently bought and sold shares of AMZN. Iron Horse Wealth Management LLC boosted its stake in Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares in the last quarter. Wells Financial Advisors INC boosted its stake in shares of Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after buying an additional 266 shares during the period. Knott David M Jr acquired a new stake in shares of Amazon.com during the second quarter worth about $32,000. Laurel Wealth Planning LLC boosted its stake in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the period. Finally, Baron Financial Group LLC boosted its stake in shares of Amazon.com by 1,900.0% during the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after buying an additional 342 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the transaction, the chief executive officer now owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock worth $6,994,626 in the last quarter. 12.70% of the stock is owned by insiders.

Analyst Ratings Changes

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Several equities research analysts have recently weighed in on the stock. MKM Partners decreased their target price on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. Cowen increased their price target on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, December 1st. Roth Capital reissued a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Robert W. Baird increased their price target on shares of Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.87.

Amazon.com Stock Up 0.4 %

Shares of AMZN opened at $93.92 on Thursday. The firm has a market cap of $962.42 billion, a PE ratio of -350.43, a price-to-earnings-growth ratio of 3.87 and a beta of 1.25. The company’s fifty day moving average is $95.55 and its two-hundred day moving average is $103.36. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 EPS. Analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.