Amazon.com, Inc. (NASDAQ:AMZN) is Vinva Investment Management Ltd's 4th Largest Position

Vinva Investment Management Ltd grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,232 shares of the e-commerce giant's stock after buying an additional 41,154 shares during the quarter. Amazon.com accounts for 4.1% of Vinva Investment Management Ltd's portfolio, making the stock its 4th largest position. Vinva Investment Management Ltd's holdings in Amazon.com were worth $105,611,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC boosted its stake in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. Compass Planning Associates Inc bought a new position in Amazon.com during the 4th quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com during the 4th quarter valued at $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 6.9 %

AMZN stock traded up $11.87 on Wednesday, reaching $185.05. 19,698,765 shares of the company traded hands, compared to its average volume of 41,749,674. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $1.96 trillion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The firm has a fifty day simple moving average of $196.07 and a 200-day simple moving average of $207.85.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Jefferies Financial Group dropped their target price on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday. Morgan Stanley dropped their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. JMP Securities dropped their target price on shares of Amazon.com from $285.00 to $240.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. Loop Capital increased their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald dropped their target price on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $248.13.

About Amazon.com

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.