Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,072,387 shares of the e-commerce giant's stock after selling 9,472 shares during the quarter. Amazon.com comprises approximately 4.2% of Border to Coast Pensions Partnership Ltd's portfolio, making the stock its 5th largest position. Border to Coast Pensions Partnership Ltd's holdings in Amazon.com were worth $204,032,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMZN shares. Citizens Jmp started coverage on shares of Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Royal Bank Of Canada reduced their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. BMO Capital Markets upped their target price on shares of Amazon.com from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $254.33.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,339,470 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $229.39, for a total transaction of $536,651,023.30. Following the completion of the sale, the insider owned 887,933,999 shares of the company's stock, valued at $203,683,180,030.61. The trade was a 0.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,947,939 shares of company stock valued at $4,720,588,785 over the last three months. Insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.7%

Shares of AMZN stock traded up $3.98 during trading hours on Thursday, reaching $232.27. 21,892,450 shares of the stock traded hands, compared to its average volume of 44,104,387. The business has a fifty day moving average price of $214.60 and a 200 day moving average price of $208.81. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market capitalization of $2.47 trillion, a PE ratio of 37.83, a PEG ratio of 1.70 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating 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 10.14% and a return on equity of 24.14%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. On average, 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.