Amazon.com (AMZN) is Bp Plc’s 4th Largest Position

BP PLC reduced its stake in shares of Amazon.com (NASDAQ:AMZN) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,000 shares of the e-commerce giant’s stock after selling 2,000 shares during the quarter. Amazon.com accounts for approximately 2.1% of BP PLC’s portfolio, making the stock its 4th largest holding. BP PLC’s holdings in Amazon.com were worth $58,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Truepoint Inc. lifted its stake in shares of Amazon.com by 94,448.7% during the third quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock valued at $573,000 after buying an additional 572,359 shares during the period. Atlantic Trust Group LLC raised its stake in shares of Amazon.com by 55.5% in the 3rd quarter. Atlantic Trust Group LLC now owns 576,450 shares of the e-commerce giant’s stock valued at $554,171,000 after acquiring an additional 205,677 shares during the period. Suvretta Capital Management LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at $191,658,000. Meritage Group LP raised its stake in shares of Amazon.com by 30.0% in the 3rd quarter. Meritage Group LP now owns 313,373 shares of the e-commerce giant’s stock valued at $301,261,000 after acquiring an additional 72,293 shares during the period. Finally, Checchi Capital Advisers LLC raised its stake in shares of Amazon.com by 106.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 4,281 shares of the e-commerce giant’s stock valued at $5,007,000 after acquiring an additional 72,028 shares during the period. Institutional investors own 60.12% of the company’s stock.

In related news, CEO Jeffrey A. Wilke sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $1,518.47, for a total transaction of $379,617.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 2,028 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $1,587.50, for a total transaction of $3,219,450.00. Following the transaction, the chief financial officer now directly owns 1,781 shares in the company, valued at $2,827,337.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,288 shares of company stock worth $17,577,129. 16.30% of the stock is currently owned by insiders.

AMZN has been the topic of a number of research reports. Loop Capital raised their target price on shares of Amazon.com to $1,600.00 in a research note on Friday, February 2nd. Susquehanna Bancshares raised their target price on shares of Amazon.com from $1,850.00 to $2,000.00 in a research note on Friday, April 27th. Goldman Sachs reissued a “buy” rating on shares of Amazon.com in a research note on Friday, January 26th. Aegis reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, January 24th. Finally, JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating, fifty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1,702.99.

Amazon.com stock opened at $1,581.76 on Friday. The company has a market capitalization of $770.19 billion, a PE ratio of 347.64, a PEG ratio of 4.34 and a beta of 1.60. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.78. Amazon.com has a fifty-two week low of $1,575.20 and a fifty-two week high of $1,590.00.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 earnings per share for the quarter, topping the consensus estimate of $1.80 by $1.47. The business had revenue of $51.04 billion for the quarter, compared to the consensus estimate of $49.94 billion. Amazon.com had a net margin of 2.04% and a return on equity of 11.77%. The firm’s quarterly revenue was up 42.9% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. equities research analysts predict that Amazon.com will post 12.1 earnings per share for the current fiscal 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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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