Amazon.com, Inc. (NASDAQ:AMZN) is Whale Rock Capital Management LLC's Largest Position

Whale Rock Capital Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,494,020 shares of the e-commerce giant's stock after purchasing an additional 621,566 shares during the period. Amazon.com makes up 9.1% of Whale Rock Capital Management LLC's portfolio, making the stock its biggest holding. Whale Rock Capital Management LLC's holdings in Amazon.com were worth $766,553,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whelan Financial lifted its position in Amazon.com by 25.1% during the fourth quarter. Whelan Financial now owns 7,851 shares of the e-commerce giant's stock valued at $1,722,000 after purchasing an additional 1,573 shares during the last quarter. Woodline Partners LP raised its position in shares of Amazon.com by 28,987.5% during the 4th quarter. Woodline Partners LP now owns 667,848 shares of the e-commerce giant's stock valued at $146,519,000 after buying an additional 665,552 shares in the last quarter. Woodson Capital Management LP lifted its holdings in shares of Amazon.com by 96.0% during the 4th quarter. Woodson Capital Management LP now owns 140,000 shares of the e-commerce giant's stock worth $30,715,000 after acquiring an additional 68,580 shares during the last quarter. Zurich Insurance Group Ltd FI grew its position in Amazon.com by 22.7% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 2,463,926 shares of the e-commerce giant's stock worth $540,561,000 after acquiring an additional 456,055 shares in the last quarter. Finally, ValueAct Holdings L.P. bought a new position in Amazon.com in the fourth quarter valued at $117,790,000. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.5%

AMZN traded down $0.94 during trading on Tuesday, reaching $205.71. The stock had a trading volume of 33,063,184 shares, compared to its average volume of 41,934,394. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.30. The stock's 50 day moving average is $190.68 and its two-hundred day moving average is $208.63. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 firm 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 company's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMZN. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Jefferies Financial Group decreased their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus cut their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Wedbush restated an "outperform" rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $244.57.

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.