Amazon.com, Inc. (NASDAQ:AMZN) is Veritas Asset Management LLP's 2nd Largest Position

Veritas Asset Management LLP trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,257,561 shares of the e-commerce giant's stock after selling 2,485,262 shares during the quarter. Amazon.com accounts for approximately 10.8% of Veritas Asset Management LLP's portfolio, making the stock its 2nd largest holding. Veritas Asset Management LLP owned about 0.05% of Amazon.com worth $1,153,456,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC raised its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the third quarter worth about $45,000. Quattro Financial Advisors LLC boosted its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter valued at about $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. JMP Securities restated a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wolfe Research lifted their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Morgan Stanley boosted their price objective on Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Finally, Barclays lifted their price target on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.11.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 over the last three months. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Down 1.3 %

AMZN traded down $2.46 during trading on Monday, reaching $190.26. 63,479,318 shares of the company's stock were exchanged, compared to its average volume of 39,927,750. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a fifty day moving average price of $216.15 and a two-hundred day moving average price of $209.27. The stock has a market capitalization of $2.02 trillion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company 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.