Grantham Mayo Van Otterloo & Co. LLC Has $705.69 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,216,603 shares of the e-commerce giant’s stock after selling 336,082 shares during the period. Amazon.com accounts for approximately 2.3% of Grantham Mayo Van Otterloo & Co. LLC’s holdings, making the stock its 14th largest holding. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Amazon.com were worth $705,690,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Katamaran Capital LLP bought a new stake in Amazon.com in the 4th quarter valued at $6,305,000. Aviva PLC increased its stake in Amazon.com by 2.4% in the 4th quarter. Aviva PLC now owns 5,797,979 shares of the e-commerce giant’s stock valued at $1,272,019,000 after buying an additional 134,391 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Amazon.com by 120.5% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 11,389 shares of the e-commerce giant’s stock worth $2,499,000 after acquiring an additional 6,225 shares in the last quarter. Gladstone Capital Management LLP grew its stake in Amazon.com by 58,465.5% in the fourth quarter. Gladstone Capital Management LLP now owns 390,046 shares of the e-commerce giant’s stock valued at $85,572,000 after purchasing an additional 389,380 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Amazon.com during the fourth quarter worth $7,407,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.1 %

Shares of NASDAQ:AMZN opened at $189.98 on Monday. The company has a market capitalization of $2.02 trillion, a PE ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39. 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 12-month low of $151.61 and a 12-month high of $242.52. The business’s fifty day simple moving average is $190.48 and its 200-day simple moving average is $208.06.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on AMZN shares. Benchmark reiterated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday. Evercore ISI decreased their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday. Truist Financial cut their target price on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Scotiabank cut their price objective on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $243.55.

Amazon.com 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.