1,030,168 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Pamplona Capital Management LLC

Pamplona Capital Management LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,030,168 shares of the e-commerce giant’s stock, valued at approximately $226,009,000. Amazon.com makes up 32.1% of Pamplona Capital Management LLC’s holdings, making the stock its 2nd biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. DnB Asset Management AS grew its position in Amazon.com by 4.5% during the fourth quarter. DnB Asset Management AS now owns 6,073,277 shares of the e-commerce giant’s stock worth $1,332,416,000 after buying an additional 262,801 shares in the last quarter. Level Four Advisory Services LLC grew its position in Amazon.com by 1.6% during the fourth quarter. Level Four Advisory Services LLC now owns 230,371 shares of the e-commerce giant’s stock worth $50,541,000 after buying an additional 3,575 shares in the last quarter. NBZ Investment Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth about $226,000. Vertex Planning Partners LLC grew its position in Amazon.com by 4.6% during the fourth quarter. Vertex Planning Partners LLC now owns 6,154 shares of the e-commerce giant’s stock worth $1,350,000 after buying an additional 271 shares in the last quarter. Finally, denkapparat Operations GmbH bought a new position in Amazon.com during the fourth quarter worth about $429,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMZN shares. JPMorgan Chase & Co. cut their price target on shares of Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus cut their price target on shares of Amazon.com from $275.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Mizuho cut their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Wolfe Research raised their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $246.73.

Amazon.com Price Performance

Shares of AMZN stock opened at $187.70 on Tuesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $192.74 and a 200-day moving average of $208.04.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.