Trade Report: Today, Exxonmobil Investment Management Inc. TX invests in Amazon.com Inc. (AMZN) Shares

Today, Exxonmobil Investment Management Inc. TX invests in Amazon.com Inc. (AMZN) Shares

Exxonmobil Investment Management Inc. TX increased its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 100,470 shares of the e-commerce giant’s stock after buying an additional 321 shares during the period. Amazon.com accounts for about 1.8% of Exxonmobil Investment Management Inc. TX’s holdings, making the stock its 4th largest position. Exxonmobil Investment Management Inc. TX’s holdings in Amazon.com were worth $84,125,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock valued at $17,028,804,000 after buying an additional 1,082,051 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Amazon.com by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,080,377 shares of the e-commerce giant’s stock valued at $7,213,719,000 after buying an additional 111,791 shares in the last quarter. BlackRock Fund Advisors raised its stake in Amazon.com by 1.8% in the second quarter. BlackRock Fund Advisors now owns 4,694,139 shares of the e-commerce giant’s stock valued at $3,359,220,000 after buying an additional 82,894 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Amazon.com by 8.9% in the second quarter. TIAA CREF Investment Management LLC now owns 2,975,858 shares of the e-commerce giant’s stock valued at $2,129,584,000 after buying an additional 243,132 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Amazon.com by 1.2% in the second quarter. Ameriprise Financial Inc. now owns 2,840,444 shares of the e-commerce giant’s stock valued at $2,032,673,000 after buying an additional 34,555 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Shares of Amazon.com Inc. (NASDAQ:AMZN) traded up 0.03% during midday trading on Friday, hitting $780.37. The company’s stock had a trading volume of 1,837,068 shares. The firm has a 50-day moving average of $791.62 and a 200 day moving average of $760.15. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $847.21. The firm has a market cap of $370.81 billion, a price-to-earnings ratio of 178.78 and a beta of 1.51.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.28. The firm earned $32.71 billion during the quarter, compared to analysts’ expectations of $32.69 billion. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The business’s revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. On average, equities research analysts predict that Amazon.com Inc. will post $4.77 EPS for the current fiscal year.

A number of brokerages have commented on AMZN. Robert W. Baird restated an “outperform” rating on shares of Amazon.com in a research note on Tuesday, October 18th. Wedbush restated an “outperform” rating and set a $900.00 price target on shares of Amazon.com in a research note on Friday, September 30th. Piper Jaffray Cos. restated a “buy” rating and set a $800.00 price target on shares of Amazon.com in a research note on Sunday, July 31st. MKM Partners boosted their price target on shares of Amazon.com from $850.00 to $995.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Finally, Cowen and Company restated an “outperform” rating and set a $960.00 price target (up previously from $900.00) on shares of Amazon.com in a research note on Monday, September 26th. Six analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $912.64.

In related news, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the transaction, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 17.70% of the stock is owned by insiders.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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