Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Sarasin & Partners LLP

Sarasin & Partners LLP raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,142,204 shares of the e-commerce giant's stock after acquiring an additional 285,059 shares during the period. Amazon.com makes up 5.8% of Sarasin & Partners LLP's portfolio, making the stock its 2nd biggest position. Sarasin & Partners LLP's holdings in Amazon.com were worth $585,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Sweeney & Michel LLC bought a new position in Amazon.com in the first quarter valued at about $2,565,000. QV Investors Inc. lifted its holdings in Amazon.com by 15.8% in the first quarter. QV Investors Inc. now owns 81,780 shares of the e-commerce giant's stock valued at $15,559,000 after acquiring an additional 11,170 shares during the period. NBC Securities Inc. lifted its holdings in Amazon.com by 99,508.3% in the first quarter. NBC Securities Inc. now owns 71,718 shares of the e-commerce giant's stock valued at $13,645,000 after acquiring an additional 71,646 shares during the period. Enterprise Bank & Trust Co lifted its holdings in Amazon.com by 1.2% in the first quarter. Enterprise Bank & Trust Co now owns 45,205 shares of the e-commerce giant's stock valued at $8,601,000 after acquiring an additional 515 shares during the period. Finally, Worth Asset Management LLC lifted its holdings in Amazon.com by 69.0% in the first quarter. Worth Asset Management LLC now owns 6,148 shares of the e-commerce giant's stock valued at $1,170,000 after acquiring an additional 2,510 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $212.10 on Friday. The firm has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a 50 day simple moving average of $195.47 and a 200-day simple moving average of $209.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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 (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 firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Bank of America upped their price target on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Truist Financial reduced their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Piper Sandler restated an "overweight" rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm'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 sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $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. In the last three months, insiders sold 102,037 shares of company stock valued at $20,531,075. Insiders own 9.70% of the company's stock.

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.

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