Amazon.com, Inc. (NASDAQ:AMZN) is Miura Global Management LLC's 8th Largest Position

Miura Global Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 54.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,000 shares of the e-commerce giant's stock after purchasing an additional 6,000 shares during the period. Amazon.com accounts for 4.1% of Miura Global Management LLC's portfolio, making the stock its 8th biggest position. Miura Global Management LLC's holdings in Amazon.com were worth $3,730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in Amazon.com during the 4th quarter valued at about $27,266,582,000. Capital World Investors boosted its holdings in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% in 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 buying an additional 17,635,391 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. Finally, Capital International Investors boosted its holdings in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.5%

AMZN stock traded up $0.98 during midday trading on Thursday, reaching $205.70. The company's stock had a trading volume of 34,630,040 shares, compared to its average volume of 41,958,975. 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 stock has a fifty day simple moving average of $190.55 and a two-hundred day simple moving average of $208.71. 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 $2.18 trillion, a price-to-earnings ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays cut their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Westpark Capital reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Citizens Jmp decreased their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Scotiabank reduced their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Insider Buying and Selling at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 over the last quarter. Insiders own 9.70% of the company's stock.

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.