Unisphere Establishment Acquires 100,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Unisphere Establishment increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,131,100 shares of the e-commerce giant's stock after purchasing an additional 100,500 shares during the period. Amazon.com makes up about 2.2% of Unisphere Establishment's portfolio, making the stock its 12th biggest holding. Unisphere Establishment's holdings in Amazon.com were worth $248,152,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter worth approximately $27,266,582,000. Capital World Investors lifted its position in shares of Amazon.com by 36.8% during the 4th 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 period. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.2% during the 4th 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. Proficio Capital Partners LLC increased its position 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 purchasing an additional 12,018,120 shares during the period. Finally, Capital International Investors raised 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 purchasing an additional 12,000,745 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on AMZN. Morgan Stanley cut their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Rosenblatt Securities boosted their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Oppenheimer dropped their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Piper Sandler reiterated an "overweight" rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Citizens Jmp lowered their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Four equities research 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Trading Up 1.0%

Shares of Amazon.com stock traded up $1.98 on Thursday, hitting $203.10. 38,797,180 shares of the company's stock traded hands, compared to its average volume of 41,908,253. The company has a fifty day moving average of $189.74 and a two-hundred day moving average of $208.74. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. The trade was a 22.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,081 shares of company stock worth $17,421,044 in the last quarter. Company 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.