HS Management Partners LLC Acquires 56,250 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

HS Management Partners LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 240,910 shares of the e-commerce giant's stock after purchasing an additional 56,250 shares during the period. Amazon.com makes up about 3.7% of HS Management Partners LLC's investment portfolio, making the stock its 15th biggest holding. HS Management Partners LLC's holdings in Amazon.com were worth $45,836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Amazon.com during the fourth quarter worth $27,266,582,000. GAMMA Investing LLC boosted its holdings in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors lifted 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. lifted 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. Finally, Capital International Investors lifted 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 and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent analyst reports. Benchmark reiterated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Rosenblatt Securities increased their price target on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. DA Davidson increased their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Scotiabank increased their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Up 0.0%

NASDAQ:AMZN opened at $231.03 on Friday. The firm's 50 day simple moving average is $221.41 and its 200 day simple moving average is $208.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.46 trillion, a PE ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company earned $1.26 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 9.70% of the stock is currently owned by insiders.

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.

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