Versant Capital Management Inc Acquires 8,298 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Versant Capital Management Inc raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 67.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,599 shares of the e-commerce giant's stock after acquiring an additional 8,298 shares during the quarter. Amazon.com makes up 0.7% of Versant Capital Management Inc's portfolio, making the stock its 26th biggest position. Versant Capital Management Inc's holdings in Amazon.com were worth $3,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC increased its holdings in shares of Amazon.com by 0.5% in 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 period. Geode Capital Management LLC increased its holdings in shares of Amazon.com by 2.5% in 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 period. Price T Rowe Associates Inc. MD increased its holdings in shares of Amazon.com by 2.3% in 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 period. Finally, Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Oppenheimer dropped their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company dropped their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Tigress Financial raised their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Raymond James reissued an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $244.89.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at $105,984,909. This trade represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president now directly owns 47,030 shares of the company's stock, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Down 0.5%

NASDAQ AMZN traded down $1.14 during trading hours on Friday, reaching $212.10. 29,295,190 shares of the company's stock were exchanged, compared to its average volume of 42,112,351. The company's 50-day moving average is $194.64 and its two-hundred day moving average is $209.13. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

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