Amazon.com, Inc. (NASDAQ:AMZN) is Ninety One SA PTY Ltd’s 2nd Largest Position

Ninety One SA PTY Ltd increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,814 shares of the e-commerce giant’s stock after purchasing an additional 22,104 shares during the period. Amazon.com accounts for about 8.9% of Ninety One SA PTY Ltd’s holdings, making the stock its 2nd biggest holding. Ninety One SA PTY Ltd’s holdings in Amazon.com were worth $40,546,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MBM Wealth Consultants LLC boosted its holdings in Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. Semus Wealth Partners LLC raised its holdings in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after purchasing an additional 49 shares in the last quarter. Bell Investment Advisors Inc lifted its position in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after buying an additional 51 shares during the last quarter. Eaton Cambridge Inc. boosted its holdings in shares of Amazon.com by 1.1% in the 4th quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant’s stock valued at $994,000 after buying an additional 51 shares in the last quarter. Finally, Proathlete Wealth Management LLC grew its position in shares of Amazon.com by 0.4% in the 4th quarter. Proathlete Wealth Management LLC now owns 12,853 shares of the e-commerce giant’s stock valued at $2,820,000 after buying an additional 51 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMZN shares. Oppenheimer boosted their price target on shares of Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Scotiabank upped their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Trading Down 2.6 %

NASDAQ:AMZN opened at $208.74 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. 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 stock has a fifty day simple moving average of $226.70 and a 200-day simple moving average of $205.29. The company has a market capitalization of $2.21 trillion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

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

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,149 shares of company stock valued at $24,606,905. 10.80% of the stock is owned by corporate insiders.

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.