Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,126 shares of the e-commerce giant’s stock after buying an additional 13,906 shares during the period. Amazon.com accounts for about 5.7% of Ninety One SA PTY Ltd’s investment portfolio, making the stock its 3rd biggest position. Ninety One SA PTY Ltd’s holdings in Amazon.com were worth $37,396,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Cambridge Trust Co. increased its stake in shares of Amazon.com by 2.5% in the fourth quarter. Cambridge Trust Co. now owns 370,341 shares of the e-commerce giant’s stock valued at $56,270,000 after buying an additional 8,953 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in Amazon.com by 9.6% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 22,431 shares of the e-commerce giant’s stock worth $3,408,000 after acquiring an additional 1,964 shares during the last quarter. Delta Financial Advisors LLC increased its position in Amazon.com by 21.0% in the 4th quarter. Delta Financial Advisors LLC now owns 26,470 shares of the e-commerce giant’s stock valued at $4,022,000 after acquiring an additional 4,600 shares in the last quarter. Strid Group LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $43,000. Finally, Tufton Capital Management lifted its position in shares of Amazon.com by 4.2% during the fourth quarter. Tufton Capital Management now owns 62,430 shares of the e-commerce giant’s stock worth $9,486,000 after purchasing an additional 2,526 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 0.4 %

NASDAQ:AMZN opened at $188.00 on Thursday. The company has a market cap of $1.96 trillion, a P/E ratio of 52.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $105.16 and a twelve month high of $189.94. The business has a 50 day moving average price of $179.60 and a two-hundred day moving average price of $161.63. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on AMZN shares. Telsey Advisory Group raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. BMO Capital Markets boosted their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Maxim Group cut their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Susquehanna lifted their price objective on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Finally, Oppenheimer upped their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $211.62.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold 26,198,961 shares of company stock valued at $4,482,430,577 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.