Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by USS Investment Management Ltd

USS Investment Management Ltd grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 16.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 140,061 shares of the e-commerce giant’s stock after buying an additional 20,000 shares during the period. Amazon.com makes up about 2.6% of USS Investment Management Ltd’s investment portfolio, making the stock its 10th largest holding. USS Investment Management Ltd’s holdings in Amazon.com were worth $210,638,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Karp Capital Management Corp boosted its position in Amazon.com by 3.7% during the 2nd quarter. Karp Capital Management Corp now owns 2,906 shares of the e-commerce giant’s stock valued at $4,940,000 after purchasing an additional 104 shares during the period. Savant Capital LLC boosted its position in Amazon.com by 1.0% during the 2nd quarter. Savant Capital LLC now owns 4,342 shares of the e-commerce giant’s stock valued at $7,381,000 after purchasing an additional 45 shares during the period. Cottage Street Advisors LLC acquired a new position in Amazon.com during the 2nd quarter worth $369,000. Dynamic Advisor Solutions LLC boosted its position in Amazon.com by 4.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 2,579 shares of the e-commerce giant’s stock worth $4,384,000 after acquiring an additional 99 shares during the period. Finally, Highland Private Wealth Management boosted its position in Amazon.com by 423.2% during the 2nd quarter. Highland Private Wealth Management now owns 16,741 shares of the e-commerce giant’s stock worth $28,456,000 after acquiring an additional 13,541 shares during the period. 56.09% of the stock is owned by institutional investors and hedge funds.

AMZN has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, January 25th. Stifel Nicolaus reiterated a “buy” rating and set a $2,300.00 price target (down previously from $2,400.00) on shares of Amazon.com in a research report on Friday, February 1st. BidaskClub lowered Amazon.com from a “hold” rating to a “sell” rating in a research report on Saturday, December 22nd. Benchmark reduced their price target on Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. Finally, Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,543.00 price target for the company in a research report on Monday, December 31st. Four research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average target price of $2,139.02.

In related news, Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the transaction, the director now directly owns 7,861 shares of the company’s stock, valued at $12,593,322. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the transaction, the senior vice president now directly owns 46,596 shares in the company, valued at $75,314,978.64. The disclosure for this sale can be found here. Insiders have sold 7,075 shares of company stock worth $11,802,708 over the last ninety days. 16.30% of the stock is owned by insiders.

Shares of Amazon.com stock traded up $1.81 on Monday, reaching $1,844.87. 3,533,622 shares of the company were exchanged, compared to its average volume of 4,925,332. The firm has a market capitalization of $905.81 billion, a PE ratio of 91.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.63. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.49. The company had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same period in the previous year, the firm earned $2.16 earnings per share. Analysts expect that Amazon.com, Inc. will post 26.66 EPS for the current year.

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Amazon.com 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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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

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