Ninety One SA PTY Ltd Acquires 13,906 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ninety One SA PTY Ltd raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and 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 comprises about 5.7% of Ninety One SA PTY Ltd’s holdings, making the stock its 3rd largest position. Ninety One SA PTY Ltd’s holdings in Amazon.com were worth $37,396,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its position in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares in the last quarter. FMR LLC boosted its holdings in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after acquiring an additional 12,176,114 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Amazon.com in the third quarter valued at about $610,138,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.4 %

AMZN opened at $188.00 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $179.60 and its 200 day simple moving average is $161.63. Amazon.com, Inc. has a 52 week low of $105.16 and a 52 week high of $189.94. The stock has a market cap of $1.96 trillion, a PE ratio of 52.66, a P/E/G ratio of 1.35 and a beta of 1.15.

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, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the sale, the insider now directly owns 970,255,270 shares in the company, valued at approximately $168,174,345,949.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the transaction, the insider now owns 970,255,270 shares in the company, valued at approximately $168,174,345,949.10. The disclosure for this sale can be found here. Insiders have sold 26,198,961 shares of company stock worth $4,482,430,577 over the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 target price (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Evercore ISI lifted their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Raymond James upped their price objective on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. Finally, TD Cowen raised their target price on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $211.62.

Amazon.com Profile

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.