Sanders Capital LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sanders Capital LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,803,166 shares of the e-commerce giant's stock after buying an additional 1,873,245 shares during the period. Amazon.com makes up about 4.1% of Sanders Capital LLC's holdings, making the stock its 7th biggest holding. Sanders Capital LLC owned 0.12% of Amazon.com worth $2,808,887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Amazon.com in the 4th quarter valued at $27,266,582,000. Vanguard Group Inc. increased its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Amazon.com by 17,054.5% in the 4th 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 purchasing an additional 12,018,120 shares in the last quarter. State Street Corp increased its holdings in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in Amazon.com by 1,782.4% in the 4th quarter. APG Asset Management N.V. now owns 7,269,638 shares of the e-commerce giant's stock valued at $1,540,208,000 after purchasing an additional 6,883,447 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 8.1%

NASDAQ AMZN traded up $15.58 on Monday, hitting $208.64. 75,079,153 shares of the stock were exchanged, compared to its average volume of 41,855,751. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 1.50 and a beta of 1.30. The company's 50-day moving average price is $188.50 and its two-hundred day moving average price is $208.10.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Stifel Nicolaus lowered their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. StockNews.com downgraded Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Cantor Fitzgerald raised their target price on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Benchmark restated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Morgan Stanley lowered 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. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,298 shares of company stock valued at $23,818,478 in the last quarter. 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.