Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Viking Global Investors LP

Viking Global Investors LP boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 157.6% in the second quarter, HoldingsChannel.com reports. The firm owned 802,837 shares of the e-commerce giant’s stock after acquiring an additional 491,118 shares during the period. Amazon.com accounts for approximately 6.8% of Viking Global Investors LP’s investment portfolio, making the stock its 2nd biggest holding. Viking Global Investors LP’s holdings in Amazon.com were worth $1,520,276,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Enterprise Trust & Investment Co acquired a new position in Amazon.com in the second quarter worth $27,000. Signet Investment Advisory Group Inc. acquired a new position in Amazon.com in the fourth quarter worth $33,000. Litman Gregory Asset Management LLC acquired a new position in Amazon.com in the second quarter worth $53,000. Clear Investment Research LLC boosted its holdings in Amazon.com by 27.6% in the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after purchasing an additional 8 shares during the period. Finally, Contravisory Investment Management Inc. boosted its holdings in Amazon.com by 20.6% in the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after purchasing an additional 7 shares during the period. 55.71% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ AMZN traded down $3.88 during midday trading on Wednesday, reaching $1,818.67. 1,157,681 shares of the company traded hands, compared to its average volume of 2,693,949. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The stock has a 50-day moving average price of $1,807.05 and a 200 day moving average price of $1,840.86. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. The company has a market cap of $909.84 billion, a price-to-earnings ratio of 90.30, a PEG ratio of 2.38 and a beta of 1.57.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter in the prior year, the firm earned $5.07 earnings per share. Amazon.com’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, analysts expect that Amazon.com, Inc. will post 24.01 EPS for the current year.

In related news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the sale, the chief executive officer now directly owns 92,614 shares in the company, valued at $185,228,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the sale, the vice president now owns 6,307 shares in the company, valued at $11,197,637.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,514 shares of company stock worth $56,347,835. Company insiders own 16.10% of the company’s stock.

A number of equities analysts have commented on the stock. Deutsche Bank lifted their price objective on shares of Amazon.com from $2,315.00 to $2,515.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Barclays raised shares of Amazon.com from an “outperform” rating to a “buy” rating in a report on Monday, July 29th. Wedbush reaffirmed a “buy” rating and issued a $2,350.00 price objective on shares of Amazon.com in a report on Monday, July 22nd. Cowen set a $2,500.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Benchmark reiterated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus price target of $2,259.84.

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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