Veritas Investment Partners UK Ltd. grew its stake in Amazon.com (NASDAQ:AMZN) by 0.2% in the 3rd quarter, according to its latest disclosure with the Securities and Exchange Commission (SEC). The institutional investor now owns 952,585 shares of the e-commerce giant’s stock after purchasing an additional 1,879 shares during the period. Amazon.com accounts for approximately 3.2% of Veritas Investment Partners UK’s holdings, making it the company’s 17th largest holding. Veritas Investment Partners UK Ltd.’s holdings in Amazon.com were valued at $121,089,000 as of its latest filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in AMZN. Mayflower Financial Advisors LLC lifted its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the last quarter. PayPay Securities raised its stake in Amazon.com by 54.3% in the third quarter. PayPay Securities Co., Ltd. now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. Laurel Wealth Planning LLC raised his stake in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management LLC acquired a new position in Amazon.com in the 4th quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com during the 1st quarter valued at $38,000. Institutional investors and hedge funds currently hold 57.96% of the stock.
Amazon.com price performance
NASDAQ:AMZN stock opened Wednesday at $173.54. The company’s 50-day moving average price is $159.94 and its 200-day moving average price is $145.36. Amazon.com’s 52-week low is $88.12 and 52-week high is $176.37. The company has a quick ratio of 0.84, a current ratio of 1.05, and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.8 trillion, a P/E ratio of 59.84x, a PEG ratio of 1.53x, and a beta of 1.14x.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net profit margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. In the same period last year, the company’s EPS was $0.21. The company’s revenue for the quarter increased 13.9% year over year. Research analysts expect Amazon.com to report earnings per share of $4.06 for the current fiscal year.
Analyst rating changes
AMZN has been featured in several analyst reports. Barclays increased their target price on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Truist Financial increased their target price on Amazon.com from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Bank of America raised their price objective on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company increased their price objective on Amazon.com from $197.00 to $211.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, UBS Group increased their target price on Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One equity research analyst has rated the stock with a hold rating, 43 have rated it a buy, and one has rated it a strong buy. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $197.95.
See the latest stock analysis on Amazon.com.
Insider activity at Amazon.com
In related news, Vice President Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in his SEC filing, which is available at this link. In related news, Vice President Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is available at this link . Also, CEO, Andrew R. Jassy sold 22,048 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.79, for a total value of $3,721,481.92. Following the completion of the sale, the CEO now directly owns 2,044,182 shares of the company’s stock, valued at approximately $345,037,479.78. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 32,155,454 shares of company stock, valued at $5,495,283,506. 12.70% of the stock is owned by company insiders.
About Amazon
(Free report)
Amazon.com, Inc provides retail sales, advertising and subscription services for consumer products through online and brick-and-mortar stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). The company also manufactures and sells electronic devices such as the Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero. We develop and produce media content.
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