Perpetual Ltd acquires 36,031 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Perpetual Ltd increased its stake in Amazon.com, Inc. during the first quarter, according to its latest disclosure to the Securities and Exchange Commission. (NASDAQ:AMZN) by 5.9%. The institutional investor owned 642,502 shares of the e-commerce giant after purchasing an additional 36,031 shares during the period. Amazon.com owns approximately 1.1% of Perpetual Ltd, making it the 26th largest company. At the end of the last quarter, Perpetual Ltd’s shares in Amazon.com were worth $115,895,000.

Other large investors have also recently made changes to their positions at the company. In the fourth quarter, Vanguard Group Inc. increased its stake in Amazon.com shares by 1.7%. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. FMR LLC increased its exposure to shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $17,700,551,000. Northern Trust Corp increased its stake in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. 72.20% of the shares are in the hands of institutional investors.

Amazon.com Stock Up 1.6%

Amazon.com shares opened on Friday at $189.08. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The company’s fifty day simple moving average is $182.78 and its two hundred day simple moving average is $171.37. The company has a market capitalization of $1.97 trillion, a P/E ratio of 52.96, a PEG ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released quarterly data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 EPS. The company’s quarterly revenues increased by 12.5% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will see 4.72 EPS for the current year.

The Wall Street analyst concludes

Several brokerage houses have recently commented on AMZN. Citigroup raised their target price on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1. The Goldman Sachs Group raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” in a report on Wednesday, May 1. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. BMO Capital Markets increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company raised their target price on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One equity research analyst has rated the stock with a hold rating, forty-three have rated the stock with a buy rating and one has given the stock a strong buy rating. The company currently has an average rating of “Buy” and a consensus price target of $215.37, according to MarketBeat data.

Get our latest stock analysis on Amazon.com

Confidential activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction amount of $632,555.00. Following the sale, the CEO now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the SEC, which can be accessed at this link. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction amount of $632,555.00. Following the completion of the transaction, the CEO now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 65,338 shares of company stock worth $11,894,344. Corporate insiders own 10.80% of the company’s shares.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Amazon.com Stock Up 1.6%

The Wall Street analyst concludes

Confidential activity

Amazon.com company profile

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