Artisan Partners Limited Partnership Acquires 1,310,261 Shares of Amazon.com, Inc. $AMZN

Artisan Partners Limited Partnership lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 41.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,489,499 shares of the e-commerce giant’s stock after buying an additional 1,310,261 shares during the period. Amazon.com comprises 1.4% of Artisan Partners Limited Partnership’s holdings, making the stock its 18th largest position. Artisan Partners Limited Partnership’s holdings in Amazon.com were worth $984,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after buying an additional 17,447,045 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares during the period. Kingstone Capital Partners Texas LLC increased its stake in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after purchasing an additional 302,858 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $11,674,091,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. Loop Capital upped their price objective on Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Cowen reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, November 25th. HSBC increased their price target on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, October 31st. New Street Research upped their price objective on shares of Amazon.com from $270.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.43.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $227.92 on Wednesday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The company’s 50 day moving average price is $228.84 and its two-hundred day moving average price is $224.47. The firm has a market cap of $2.44 trillion, a PE ratio of 32.19, a PEG ratio of 1.56 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the transaction, the chief executive officer owned 505,934 shares of the company’s stock, valued at $117,993,927.48. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Brian Alexander sold 900 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director owned 7,170 shares in the company, valued at $1,670,610. The trade was a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,234 shares of company stock worth $19,076,767 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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.