USS Investment Management Ltd Buys New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

USS Investment Management Ltd purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,468,129 shares of the e-commerce giant's stock, valued at approximately $322,056,000. Amazon.com comprises 2.3% of USS Investment Management Ltd's holdings, making the stock its 5th biggest holding.

A number of other institutional investors have also modified their holdings of AMZN. Vista Investment Management grew its stake in shares of Amazon.com by 8.7% in the fourth quarter. Vista Investment Management now owns 2,925 shares of the e-commerce giant's stock valued at $642,000 after buying an additional 235 shares in the last quarter. Voloridge Investment Management LLC boosted its position in Amazon.com by 233.1% during the fourth quarter. Voloridge Investment Management LLC now owns 992,700 shares of the e-commerce giant's stock worth $217,788,000 after acquiring an additional 694,700 shares during the last quarter. Worldquant Millennium Advisors LLC increased its holdings in shares of Amazon.com by 127.4% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 2,440,216 shares of the e-commerce giant's stock worth $535,359,000 after buying an additional 1,367,286 shares during the last quarter. Waverly Advisors LLC boosted its holdings in Amazon.com by 27.6% in the 4th quarter. Waverly Advisors LLC now owns 188,941 shares of the e-commerce giant's stock worth $41,452,000 after acquiring an additional 40,854 shares during the period. Finally, Wesleyan Assurance Society grew its holdings in Amazon.com by 482.0% during the 4th quarter. Wesleyan Assurance Society now owns 77,400 shares of the e-commerce giant's stock worth $16,977,000 after acquiring an additional 64,100 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 2.0%

Shares of NASDAQ AMZN traded up $4.15 during midday trading on Thursday, reaching $211.38. 16,194,486 shares of the stock were exchanged, compared to its average volume of 44,884,969. The company has a market capitalization of $2.24 trillion, a price-to-earnings ratio of 38.20, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business has a 50-day simple moving average of $191.06 and a two-hundred day simple moving average of $208.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMZN. Rosenblatt Securities upped their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Oppenheimer reduced their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Barclays dropped their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $244.89.

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.