Sarasin & Partners LLP Has $477.85 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Sarasin & Partners LLP lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,511,576 shares of the e-commerce giant's stock after selling 345,569 shares during the period. Amazon.com accounts for 5.1% of Sarasin & Partners LLP's portfolio, making the stock its 2nd largest holding. Sarasin & Partners LLP's holdings in Amazon.com were worth $477,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently bought and sold shares of AMZN. Norges Bank acquired a new stake in Amazon.com during the 4th quarter worth $27,266,582,000. GAMMA Investing LLC grew its holdings in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares during the period. Capital World Investors grew its holdings 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 worth $14,416,078,000 after acquiring an additional 17,681,004 shares during the period. Vanguard Group Inc. grew its holdings 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 worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings 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 worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the period. Institutional investors own 72.20% of the company's stock.
Shares of NASDAQ:AMZN opened at $211.99 on Thursday. The company's 50-day moving average price is $200.35 and its two-hundred day moving average price is $209.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $2.25 trillion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 1.60 and a beta of 1.33.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
A number of analysts have commented on AMZN shares. Cantor Fitzgerald lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Citizens Jmp lowered their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group decreased their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $245.64.
View Our Latest Report on Amazon.com
In other news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by company insiders.
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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
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