Amazon.com, Inc. (NASDAQ:AMZN) is Manhattan West Asset Management LLC’s 3rd Largest Position

Manhattan West Asset Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,368 shares of the e-commerce giant’s stock after acquiring an additional 2,723 shares during the quarter. Amazon.com makes up 4.3% of Manhattan West Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Manhattan West Asset Management LLC’s holdings in Amazon.com were worth $16,096,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter worth about $27,266,582,000. Vanguard Group Inc. increased its position in Amazon.com by 2.2% in 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 buying an additional 17,635,391 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Amazon.com by 17,054.5% in the fourth 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 during the period. State Street Corp grew its stake in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Amazon.com by 1,782.4% in the fourth quarter. APG Asset Management N.V. now owns 7,269,638 shares of the e-commerce giant’s stock worth $1,540,208,000 after acquiring an additional 6,883,447 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays cut their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. BNP Paribas raised shares of Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Piper Sandler restated an “overweight” rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, StockNews.com lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Trading Up 0.5 %

Shares of AMZN stock opened at $193.06 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market cap of $2.05 trillion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.50 and a beta of 1.30. The company’s 50-day moving average price is $188.50 and its 200-day moving average price is $207.79. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 in the last quarter. 9.70% of the stock is owned by company insiders.

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.