Benchstone Capital Management LP Purchases New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Benchstone Capital Management LP purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 219,847 shares of the e-commerce giant's stock, valued at approximately $48,232,000. Amazon.com accounts for about 5.0% of Benchstone Capital Management LP's investment portfolio, making the stock its biggest position.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Norges Bank bought a new position in Amazon.com in the fourth quarter valued at $27,266,582,000. Capital World Investors increased its stake in 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 valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC increased its stake in 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 valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors increased its stake in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after acquiring an additional 12,000,745 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMZN. Needham & Company LLC reissued a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Royal Bank of Canada reduced their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Mizuho reduced their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays reduced their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Up 2.5%

Shares of NASDAQ AMZN traded up $5.03 on Tuesday, reaching $206.02. 34,776,251 shares of the company's stock traded hands, compared to its average volume of 41,992,480. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The business's 50 day simple moving average is $190.38 and its two-hundred day simple moving average is $208.73. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm'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 transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,537 shares of company stock valued at $20,018,625. Corporate 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.