Te Ahumairangi Investment Management Ltd Purchases 3,559 Shares of Amazon.com, Inc. $AMZN

Te Ahumairangi Investment Management Ltd boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,364 shares of the e-commerce giant’s stock after acquiring an additional 3,559 shares during the quarter. Amazon.com accounts for approximately 1.3% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 23rd largest position. Te Ahumairangi Investment Management Ltd’s holdings in Amazon.com were worth $7,100,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Employees Retirement System of Texas boosted its position in shares of Amazon.com by 6.5% during the second quarter. Employees Retirement System of Texas now owns 1,762,977 shares of the e-commerce giant’s stock valued at $386,780,000 after buying an additional 108,333 shares during the last quarter. Choreo LLC raised its position in Amazon.com by 7.8% in the 2nd quarter. Choreo LLC now owns 376,895 shares of the e-commerce giant’s stock worth $82,706,000 after buying an additional 27,358 shares during the last quarter. Hel Ved Capital Management Ltd bought a new position in Amazon.com during the 2nd quarter valued at about $2,339,000. Columbus Hill Capital Management L.P. boosted its holdings in shares of Amazon.com by 42.2% during the 2nd quarter. Columbus Hill Capital Management L.P. now owns 323,511 shares of the e-commerce giant’s stock valued at $70,975,000 after acquiring an additional 96,000 shares during the last quarter. Finally, Strategy Capital LLC grew its stake in shares of Amazon.com by 4.5% in the second quarter. Strategy Capital LLC now owns 826,836 shares of the e-commerce giant’s stock worth $181,400,000 after acquiring an additional 35,956 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a report on Monday, December 1st. Morgan Stanley restated an “overweight” rating and issued a $315.00 price target (up from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. BNP Paribas started coverage on Amazon.com in a report on Monday, November 24th. They issued an “outperform” rating for the company. JMP Securities set a $300.00 target price on Amazon.com in a report on Friday, October 31st. Finally, President Capital raised their target price on Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $295.43.

Amazon.com Stock Performance

Shares of AMZN opened at $231.78 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $229.06 and a two-hundred day simple moving average of $224.52. The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.57 and a beta of 1.37. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 22,000 shares of Amazon.com stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the transaction, the chief executive officer owned 493,507 shares in the company, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 82,234 shares of company stock valued at $19,076,767. Insiders own 9.70% of the company’s stock.

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.