Wesleyan Assurance Society Buys 64,100 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wesleyan Assurance Society lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 482.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,400 shares of the e-commerce giant's stock after buying an additional 64,100 shares during the period. Amazon.com makes up 1.3% of Wesleyan Assurance Society's portfolio, making the stock its 23rd biggest position. Wesleyan Assurance Society's holdings in Amazon.com were worth $16,977,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Whale Rock Capital Management LLC boosted its holdings in Amazon.com by 21.6% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,494,020 shares of the e-commerce giant's stock worth $766,553,000 after purchasing an additional 621,566 shares during the last quarter. Whelan Financial raised its stake in Amazon.com by 25.1% during the 4th quarter. Whelan Financial now owns 7,851 shares of the e-commerce giant's stock valued at $1,722,000 after buying an additional 1,573 shares during the last quarter. Woodline Partners LP raised its stake in Amazon.com by 28,987.5% during the 4th quarter. Woodline Partners LP now owns 667,848 shares of the e-commerce giant's stock valued at $146,519,000 after buying an additional 665,552 shares during the last quarter. Woodson Capital Management LP lifted its holdings in shares of Amazon.com by 96.0% during the 4th quarter. Woodson Capital Management LP now owns 140,000 shares of the e-commerce giant's stock valued at $30,715,000 after buying an additional 68,580 shares during the period. Finally, Zurich Insurance Group Ltd FI boosted its stake in shares of Amazon.com by 22.7% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 2,463,926 shares of the e-commerce giant's stock worth $540,561,000 after buying an additional 456,055 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,537 shares of company stock valued at $20,018,625. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AMZN shares. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Citigroup restated an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $244.57.

Amazon.com Price Performance

AMZN traded down $0.94 during trading on Tuesday, hitting $205.71. 33,063,184 shares of the company traded hands, compared to its average volume of 41,934,394. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.18 trillion, a PE ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.30. The stock's 50-day simple moving average is $190.68 and its two-hundred day simple moving average is $208.63. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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 return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the business posted $0.98 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.