Amazon.com, Inc. (NASDAQ:AMZN) is Border to Coast Pensions Partnership Ltd’s Largest Position

Border to Coast Pensions Partnership Ltd raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3,660.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,523,011 shares of the e-commerce giant’s stock after buying an additional 3,429,322 shares during the quarter. Amazon.com comprises about 4.4% of Border to Coast Pensions Partnership Ltd’s portfolio, making the stock its biggest holding. Border to Coast Pensions Partnership Ltd’s holdings in Amazon.com were worth $227,857,644,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMZN. Jennison Associates LLC grew its holdings in shares of Amazon.com by 1,764.2% in the second quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after purchasing an additional 45,560,351 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Amazon.com by 1,923.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after purchasing an additional 26,375,927 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Amazon.com by 1,969.8% in the second quarter. CIBC Private Wealth Group LLC now owns 12,249,826 shares of the e-commerce giant’s stock valued at $1,301,054,000 after purchasing an additional 11,657,996 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Amazon.com by 1,895.2% in the second quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after purchasing an additional 9,830,359 shares during the period. Finally, Brown Advisory Inc. grew its holdings in shares of Amazon.com by 1,644.6% in the second quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after purchasing an additional 9,129,976 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $94.13 on Thursday. The firm has a market capitalization of $960.28 billion, a P/E ratio of 86.40, a P/E/G ratio of 6.18 and a beta of 1.23. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $181.68. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $109.13 and its two-hundred day moving average is $116.76.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. The business had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the transaction, the insider now directly owns 14,178,445 shares in the company, valued at $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the sale, the insider now directly owns 14,178,445 shares of the company’s stock, valued at $334,753,086.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,988 shares of company stock worth $11,164,283. Insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Barclays dropped their price objective on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, October 28th. StockNews.com assumed coverage on shares of Amazon.com in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $175.00 target price on shares of Amazon.com in a research report on Thursday, August 4th. MKM Partners decreased their target price on shares of Amazon.com to $145.00 in a research report on Tuesday, November 1st. Finally, Cowen decreased their target price on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.40.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.