Platinum Investment Management Ltd. Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Platinum Investment Management Ltd. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 209.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,613 shares of the e-commerce giant’s stock after acquiring an additional 15,315 shares during the quarter. Platinum Investment Management Ltd.’s holdings in Amazon.com were worth $2,875,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. State Street Corp lifted its holdings in shares of Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC lifted its holdings in shares of 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 valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in shares of Amazon.com by 120,235.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after buying an additional 116,383,502 shares during the period. Finally, Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at $8,263,591,000. 57.96% of the stock is owned by institutional investors.

Amazon.com Stock Up 2.7 %

Shares of NASDAQ AMZN opened at $174.45 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market cap of $1.81 trillion, a P/E ratio of 60.16, a PEG ratio of 1.50 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $88.12 and a 1 year high of $175.00. The firm has a 50-day simple moving average of $154.41 and a two-hundred day simple moving average of $142.11.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 4.03 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $147.76, for a total value of $73,880.00. Following the completion of the sale, the chief executive officer now owns 120,560 shares of the company’s stock, valued at $17,813,945.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $147.76, for a total transaction of $73,880.00. Following the completion of the sale, the chief executive officer now owns 120,560 shares of the company’s stock, valued at $17,813,945.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 6,720 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $143.15, for a total transaction of $961,968.00. Following the sale, the senior vice president now directly owns 71,660 shares of the company’s stock, valued at approximately $10,258,129. The disclosure for this sale can be found here. Insiders sold a total of 6,080,878 shares of company stock valued at $1,033,083,657 over the last 90 days. Insiders own 12.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMZN shares. Canaccord Genuity Group raised their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Tigress Financial raised their target price on Amazon.com from $204.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Raymond James raised their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Morgan Stanley raised their target price on Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $197.95.

Read Our Latest Stock Report on Amazon.com

About Amazon.com

(Free Report)

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

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

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