Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 47.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,130 shares of the e-commerce giant’s stock after acquiring an additional 37,591 shares during the period. Amazon.com accounts for about 1.5% of ICICI Prudential Asset Management Co Ltd’s investment portfolio, making the stock its 11th largest position. ICICI Prudential Asset Management Co Ltd’s holdings in Amazon.com were worth $9,755,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC boosted its stake in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. boosted its stake in shares of Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp boosted its stake in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC boosted its stake in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $116.25 on Friday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57. The firm’s 50-day simple moving average is $103.63 and its 200 day simple moving average is $97.03. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.19 trillion, a P/E ratio of 276.79, a P/E/G ratio of 4.11 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Wells Fargo & Company decreased their target price on shares of Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Benchmark raised their target price on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Morgan Stanley raised their target price on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, Susquehanna raised their target price on shares of Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.12.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the sale, the chief executive officer now directly owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the sale, the chief executive officer now directly owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,019 shares of company stock worth $6,053,511. 12.30% of the stock is owned by corporate insiders.

Amazon.com Profile

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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.