Does Amazon Own Target? (2023)

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Amazon is a giant online retailer focusing on online advertising, cloud computing, digital streaming, artificial intelligence, etc. It is a multinational company selling varied merchandise to customers. On the other hand, Target is an American big box department store.

It is one of the largest retailers in the United States. Originally it was founded as a discount division.

Does Amazon own Target?

A misconception prevailing in recent years is that Amazon has owned Target or it will own Target shortly. This false notion has no sound basis. Amazon has never tried to buy Target. Both are major rivalries of each other. Although Target is not much larger than Amazon, it still competes with Amazon in several fields. Amazon is an online retailer, while Target has been operating in-store and online, distinguishing it from Amazon. 

Who owns Amazon?

Jeff Bezos founded Amazon and brought it to a recent peak. Some other shareholders of Amazon include

  • Andrew Jassy
  • Jeffrey Blackburn
  • Besides these shareholders, Amazon is owned by some other Institutional shareholders.
  • These top Institutional shareholders are 
  • Advisor Group Incorporation.
  • Vanguard Group Incorporation and 
  • BlackRock Incorporation.

Who owns Target?

George Draper Dayton was an American businessman and philanthropist.

He was most famous for being the founder of Dayton’s department store. That Dayton’s store is currently known as Target Corporation.

The CEO of The Target Corporation is Brian Cornell.

Institutional investors carry a major part of the ownership of Target through 80.33% of the outstanding shares they have in Target Corporation.

We can decide on shareholders of Target as under

  • Another Institutional comprises 40.78%
  • Mutual fund holders carry almost 39.55%
  • Individual stakeholders carry 1.00%.

Some of the stakeholders of Target include 

  • The Vanguard Group, in
  • SSgA Funds Management, Inc.
  • BlackRock Fund Advisor 
  • Capital Research & Management Co.
  • Geode Capital Management LLC 

Some mutual fund-holding sharers include following 

  • Vanguard Total Stock Market Index
  • Vanguard 500 Index Fund
  • SPDR S&P 500 ETF Trust
  • Fidelity 500 Index Fund
  • Government Pension Fund – Global
  • American Balanced Fund
  • iShares Core S&P 500 ETF and others.

Amazon Versus Target

Many people think that Amazon owns Target, and this idea is based on falsehood. Both of these stores sell all the necessities of life. Yet there is a major difference between the two. Amazon is much larger than Target.

According to Fortune List, Amazon has ranked at the top second position while Target lies in the top 30 positions.

Moreover, Amazon’s market capitalization is high, up to 1.7 trillion, while Target’s is $128.88 billion.

Both companies have a larger difference in yearly revenue. As of 2020, the total revenue of Amazon was up to $328. But revenue for Amazon was $93 billion for the same year.

Both companies have been providing their products at competitive prices.

Why did Amazon, not own Target? 

Having a great breath, Amazon does not need Target to be merged with Amazon. It is already much successful. Amazon already continues to inquisition many companies, but it needs to be stronger in that field. Amazon and Target are rivals of each other.

If it tries to own Target, it will have to take care of all 1900 Target stores, which will be challenging for Amazon as it sells items through its online website.

Will Amazon Buy Target?

Although in 2018, watchdogs indicated that it’s impossible shortly that Amazon will take over Target. But it does not seem so. Amazon has been buying other companies to strengthen itself in a different field. Yet, it has not claimed anywhere that it will own Target at any time. Both stand in rival positions. It is difficult to say that Amazon will take over Target.

Other stores owned by Amazon

There are more than 100 stores that Amazon owns. Some of these are mentioned here 

  • Audible
  • Zappos
  • Whole Foods Market
  • Twitch
  • Ring etc

Conclusion;

A false idea about Amazon is that it is about buying Target, which is not true. Amazon has yet to indicate whether it will buy Target shortly or not. 

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