Fernbridge Capital Management LP Has $135 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fernbridge Capital Management LP lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 698,553 shares of the e-commerce giant’s stock after buying an additional 127,751 shares during the period. Amazon.com comprises 9.0% of Fernbridge Capital Management LP’s holdings, making the stock its 3rd largest position. Fernbridge Capital Management LP’s holdings in Amazon.com were worth $134,995,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc raised its stake in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Steph & Co. acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $65,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $77,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Morgan Stanley reissued an “overweight” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 3rd. Truist Financial lifted their price target on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Trading Up 0.3 %

Shares of NASDAQ:AMZN opened at $189.70 on Wednesday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The stock has a market cap of $1.97 trillion, a PE ratio of 53.14, a P/E/G ratio of 1.38 and a beta of 1.14. The business has a 50 day moving average of $182.82 and a 200-day moving average of $183.53. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current 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.