Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Veritas Asset Management LLP

Veritas Asset Management LLP raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,868,621 shares of the e-commerce giant’s stock after acquiring an additional 1,286,797 shares during the quarter. Amazon.com accounts for approximately 5.4% of Veritas Asset Management LLP’s investment portfolio, making the stock its 8th largest holding. Veritas Asset Management LLP’s holdings in Amazon.com were worth $660,964,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares during the last quarter. State Street Corp increased its position in shares of Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Amazon.com by 1,838.8% during 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 acquiring an additional 295,880,050 shares during the last quarter. FMR LLC grew its position in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp grew its position in Amazon.com by 1,867.0% during 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 acquiring an additional 90,167,792 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 2.0 %

Shares of NASDAQ:AMZN opened at $113.40 on Wednesday. The stock has a fifty day simple moving average of $102.17 and a two-hundred day simple moving average of $96.66. The stock has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 270.00, a PEG ratio of 3.73 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 1.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $104.34, for a total value of $54,256.80. Following the completion of the sale, the chief executive officer now owns 135,760 shares of the company’s stock, valued at approximately $14,165,198.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $104.34, for a total value of $54,256.80. Following the completion of the sale, the chief executive officer now owns 135,760 shares of the company’s stock, valued at approximately $14,165,198.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Monday, May 1st. The stock was sold at an average price of $105.00, for a total value of $420,000.00. Following the completion of the sale, the chief executive officer now directly owns 552,298 shares of the company’s stock, valued at approximately $57,991,290. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,259 shares of company stock valued at $4,866,360. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. Barclays reduced their price target on Amazon.com from $150.00 to $140.00 in a research report on Friday, April 28th. Wells Fargo & Company reduced their price target on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Credit Suisse Group reduced their price target on Amazon.com from $150.00 to $140.00 in a research report on Tuesday, April 25th. Tigress Financial restated a “buy” rating and set a $192.00 price target on shares of Amazon.com in a research report on Thursday, February 9th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Amazon.com in a research report on Thursday, April 20th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.12.

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.