Amazon.com, Inc. $AMZN is Thrivent Financial for Lutherans’ 3rd Largest Position

Thrivent Financial for Lutherans raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,692,317 shares of the e-commerce giant’s stock after purchasing an additional 309,425 shares during the quarter. Amazon.com accounts for 2.7% of Thrivent Financial for Lutherans’ portfolio, making the stock its 3rd largest position. Thrivent Financial for Lutherans’ holdings in Amazon.com were worth $1,249,409,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Carderock Capital Management Inc. purchased a new position in Amazon.com during the 2nd quarter worth approximately $27,000. Maryland Capital Advisors Inc. increased its stake in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the period. Ryan Investment Management Inc. purchased a new position in shares of Amazon.com during the second quarter worth $48,000. Cooksen Wealth LLC raised its holdings in shares of Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Amazon.com during the first quarter valued at $59,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the sale, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the transaction, the chief executive officer directly owned 505,934 shares of the company’s stock, valued at $117,993,927.48. The trade was a 0.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,234 shares of company stock worth $19,076,767 in the last quarter. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $222.54 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The firm has a fifty day moving average of $229.39 and a 200 day moving average of $225.13. The firm has a market cap of $2.38 trillion, a PE ratio of 31.43, a PEG ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period last year, the firm posted $1.43 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Daiwa Capital Markets boosted their target price on shares of Amazon.com from $254.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com 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.