Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Veritas Asset Management LLP

Veritas Asset Management LLP decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 32.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,257,561 shares of the e-commerce giant’s stock after selling 2,485,262 shares during the quarter. Amazon.com makes up about 10.8% of Veritas Asset Management LLP’s investment portfolio, making the stock its 2nd largest position. Veritas Asset Management LLP owned 0.05% of Amazon.com worth $1,153,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter worth $45,000. Finally, Iron Horse Wealth Management LLC boosted its position in Amazon.com by 64.4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after buying an additional 112 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on 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 sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was 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 directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 in the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $201.36 on Friday. The firm has a fifty day simple moving average of $217.53 and a 200 day simple moving average of $208.75. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market capitalization of $2.13 trillion, a PE ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Finally, Wedbush reiterated an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com 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.