Theleme Partners LLP Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Theleme Partners LLP grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 850,000 shares of the e-commerce giant's stock after buying an additional 190,000 shares during the quarter. Amazon.com makes up about 12.5% of Theleme Partners LLP's investment portfolio, making the stock its 4th biggest position. Theleme Partners LLP's holdings in Amazon.com were worth $186,482,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Accordant Advisory Group Inc grew its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth approximately $35,000. Finally, Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities boosted their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Jefferies Financial Group lowered their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Citizens Jmp cut their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Four equities 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 MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $244.09.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is owned by insiders.

Amazon.com Stock Down 0.9%

Shares of NASDAQ:AMZN traded down $1.77 during mid-day trading on Friday, reaching $203.93. 51,641,602 shares of the stock were exchanged, compared to its average volume of 42,021,406. The stock's 50 day simple moving average is $190.57 and its 200-day simple moving average is $208.66. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.16 trillion, a P/E ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly 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. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the business earned $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.