Knightsbridge Asset Management LLC Purchases 146 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Knightsbridge Asset Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,616 shares of the e-commerce giant’s stock after purchasing an additional 146 shares during the quarter. Amazon.com accounts for about 2.1% of Knightsbridge Asset Management LLC’s holdings, making the stock its 14th biggest holding. Knightsbridge Asset Management LLC’s holdings in Amazon.com were worth $8,911,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at $27,266,582,000. Capital World Investors lifted its stake in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. lifted its stake in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter. Finally, Capital International Investors lifted its stake in Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after acquiring an additional 12,000,745 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $205.59 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business’s 50-day simple moving average is $189.33 and its 200 day simple moving average is $208.61. The firm has a market capitalization of $2.18 trillion, a PE ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,798 shares of company stock valued at $17,696,733. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Rosenblatt Securities boosted their price objective on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus cut their price objective on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

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.