Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Fernbridge Capital Management LP

Fernbridge Capital Management LP grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 72.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 498,295 shares of the e-commerce giant’s stock after buying an additional 209,613 shares during the period. Amazon.com makes up 7.7% of Fernbridge Capital Management LP’s portfolio, making the stock its 5th largest position. Fernbridge Capital Management LP’s holdings in Amazon.com were worth $56,307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC boosted its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Northern Trust Corp boosted its stake in Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc boosted its stake in Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after purchasing an additional 57,043,701 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Piper Sandler upped their target price on shares of Amazon.com from $119.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Benchmark upped their target price on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Telsey Advisory Group cut their price target on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 24th. Cowen boosted their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Finally, Moffett Nathanson started coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.87.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Adam Selipsky sold 5,100 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,394 shares of company stock worth $6,994,626. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $92.43 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $947.15 billion, a price-to-earnings ratio of -344.88, a P/E/G ratio of 3.74 and a beta of 1.25. The firm’s 50 day simple moving average is $96.01 and its 200 day simple moving average is $102.24. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83.

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

About Amazon.com

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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.