ValueAct Holdings L.P. Purchases New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

ValueAct Holdings L.P. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 536,900 shares of the e-commerce giant's stock, valued at approximately $117,790,000. Amazon.com comprises about 2.7% of ValueAct Holdings L.P.'s investment portfolio, making the stock its 11th biggest position.

Several other hedge funds also recently modified their holdings of AMZN. Vanguard Group Inc. boosted its stake 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 last quarter. FMR LLC boosted its stake in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC boosted its stake in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new position in Amazon.com during the 4th quarter worth approximately $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wedbush restated an "outperform" rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Royal Bank of Canada dropped their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Telsey Advisory Group restated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.57.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Performance

AMZN stock traded up $1.64 during midday trading on Monday, reaching $206.65. 29,034,623 shares of the company were exchanged, compared to its average volume of 41,968,820. 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 moving average price of $190.57 and a two-hundred day moving average price of $208.61. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

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

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.