302,175 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Generation Investment Management LLP

Generation Investment Management LLP bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 302,175 shares of the e-commerce giant’s stock, valued at approximately $934,954,000. Amazon.com accounts for approximately 3.9% of Generation Investment Management LLP’s portfolio, making the stock its 7th biggest holding. Generation Investment Management LLP owned about 0.06% of Amazon.com as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NinePointTwo Capital acquired a new position in Amazon.com in the 4th quarter worth about $1,896,000. C WorldWide Group Holding A S raised its holdings in Amazon.com by 0.9% in the 1st quarter. C WorldWide Group Holding A S now owns 240,736 shares of the e-commerce giant’s stock valued at $744,856,000 after buying an additional 2,193 shares during the last quarter. Wills Financial Group Inc. grew its holdings in Amazon.com by 5.5% during the 1st quarter. Wills Financial Group Inc. now owns 2,092 shares of the e-commerce giant’s stock worth $6,472,000 after acquiring an additional 110 shares during the last quarter. High Note Wealth LLC increased its position in Amazon.com by 3.8% in the 1st quarter. High Note Wealth LLC now owns 2,568 shares of the e-commerce giant’s stock valued at $7,945,000 after acquiring an additional 95 shares during the period. Finally, Barr E S & Co. raised its stake in shares of Amazon.com by 0.3% during the fourth quarter. Barr E S & Co. now owns 14,341 shares of the e-commerce giant’s stock valued at $46,708,000 after acquiring an additional 43 shares during the last quarter. 57.03% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on AMZN. Mizuho raised their target price on Amazon.com from $4,000.00 to $4,400.00 and gave the stock a “buy” rating in a research report on Friday, April 30th. Citigroup raised their price objective on Amazon.com from $3,750.00 to $4,175.00 in a research report on Wednesday, May 12th. Needham & Company LLC upped their target price on Amazon.com from $3,700.00 to $4,150.00 and gave the company a “buy” rating in a report on Friday, April 30th. Argus reissued a “buy” rating and set a $4,000.00 target price on shares of Amazon.com in a research report on Friday, July 9th. Finally, Stifel Nicolaus boosted their price target on shares of Amazon.com from $4,000.00 to $4,400.00 and gave the stock a “buy” rating in a research report on Friday, April 30th. Two research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $4,165.46.

In related news, CEO David H. Clark sold 243 shares of the stock in a transaction that occurred on Wednesday, July 7th. The shares were sold at an average price of $3,717.29, for a total value of $903,301.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey P. Bezos sold 109,945 shares of the firm’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $3,459.88, for a total transaction of $380,396,506.60. Following the sale, the chief executive officer now owns 52,941,144 shares in the company, valued at approximately $183,170,005,302.72. The disclosure for this sale can be found here. Insiders have sold 131,283 shares of company stock worth $450,104,986 over the last quarter. 14.00% of the stock is owned by company insiders.

Shares of AMZN traded up $31.49 on Thursday, reaching $3,616.69. The company’s stock had a trading volume of 106,084 shares, compared to its average volume of 3,376,469. The company’s 50 day moving average price is $3,407.47. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.82 trillion, a PE ratio of 68.22, a P/E/G ratio of 2.23 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $2,871.00 and a 12-month high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Wednesday, April 28th. The e-commerce giant reported $15.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.54 by $6.25. The business had revenue of $108.52 billion for the quarter, compared to analysts’ expectations of $105.23 billion. Amazon.com had a net margin of 6.42% and a return on equity of 30.47%. As a group, research analysts expect that Amazon.com, Inc. will post 57.32 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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