Select Equity Group L.P. Buys 3,334 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Select Equity Group L.P. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 795.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,753 shares of the e-commerce giant’s stock after acquiring an additional 3,334 shares during the period. Select Equity Group L.P.’s holdings in Amazon.com were worth $11,612,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AMZN. Norges Bank bought a new stake in Amazon.com during the fourth quarter worth about $14,877,308,000. Morgan Stanley boosted its stake in Amazon.com by 28.3% during the fourth quarter. Morgan Stanley now owns 6,252,720 shares of the e-commerce giant’s stock worth $20,364,676,000 after acquiring an additional 1,377,328 shares in the last quarter. Polen Capital Management LLC bought a new position in shares of Amazon.com in the first quarter worth approximately $1,997,340,000. Cohen Investment Advisors LLC lifted its stake in shares of Amazon.com by 34,666.4% in the first quarter. Cohen Investment Advisors LLC now owns 639,007 shares of the e-commerce giant’s stock worth $5,033,000 after buying an additional 637,169 shares in the last quarter. Finally, Clarus Group Inc. lifted its stake in shares of Amazon.com by 35,361.0% in the first quarter. Clarus Group Inc. now owns 250,000 shares of the e-commerce giant’s stock worth $1,006,000 after buying an additional 249,295 shares in the last quarter. 57.03% of the stock is currently owned by institutional investors and hedge funds.

AMZN has been the topic of several analyst reports. Susquehanna upped their target price on shares of Amazon.com from $5,200.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, April 30th. Canaccord Genuity upped their target price on shares of Amazon.com from $4,100.00 to $4,400.00 and gave the stock a “buy” rating in a research note on Friday, April 30th. Raymond James upped their target price on shares of Amazon.com from $4,000.00 to $4,125.00 and gave the stock an “outperform” rating in a research note on Friday, April 30th. JMP Securities upped their target price on shares of Amazon.com from $4,350.00 to $4,500.00 and gave the stock a “market outperform” rating in a research note on Friday, April 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Amazon.com from $4,000.00 to $4,400.00 and gave the company a “buy” rating in a report on Friday, April 30th. Two investment analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $4,165.46.

In other news, CEO David H. Clark sold 278 shares of the stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $3,506.80, for a total value of $974,890.40. Following the sale, the chief executive officer now owns 1,174 shares of the company’s stock, valued at $4,116,983.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 222 shares of the stock in a transaction on Monday, May 17th. The shares were sold at an average price of $3,245.93, for a total transaction of $720,596.46. Following the completion of the sale, the vice president now directly owns 6,211 shares in the company, valued at approximately $20,160,471.23. The disclosure for this sale can be found here. In the last three months, insiders sold 131,283 shares of company stock worth $450,104,986. Insiders own 14.00% of the company’s stock.

AMZN stock traded up $33.91 during trading on Thursday, hitting $3,619.11. 31,531 shares of the company’s stock traded hands, compared to its average volume of 3,376,469. Amazon.com, Inc. has a 52 week low of $2,871.00 and a 52 week high of $3,773.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 0.85. The firm has a fifty day simple moving average of $3,407.47. The firm has a market capitalization of $1.83 trillion, a PE ratio of 68.22, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Wednesday, April 28th. The e-commerce giant reported $15.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $9.54 by $6.25. Amazon.com had a net margin of 6.42% and a return on equity of 30.47%. The business had revenue of $108.52 billion during the quarter, compared to analyst estimates of $105.23 billion. As a group, analysts expect that Amazon.com, Inc. will post 57.32 earnings per share for the current year.

About Amazon.com

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

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

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