Skye Global Management LP Has $2.22 Billion Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Skye Global Management LP boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,918,169 shares of the e-commerce giant’s stock after acquiring an additional 560,454 shares during the quarter. Amazon.com accounts for approximately 53.6% of Skye Global Management LP’s investment portfolio, making the stock its biggest holding. Skye Global Management LP’s holdings in Amazon.com were worth $2,220,712,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vicus Capital raised its position in Amazon.com by 9.2% in the 2nd quarter. Vicus Capital now owns 25,313 shares of the e-commerce giant’s stock valued at $4,892,000 after buying an additional 2,137 shares during the last quarter. Busey Bank grew its stake in shares of Amazon.com by 1.4% in the 2nd quarter. Busey Bank now owns 547,635 shares of the e-commerce giant’s stock worth $105,831,000 after acquiring an additional 7,824 shares in the last quarter. Iowa State Bank raised its holdings in shares of Amazon.com by 4.0% in the second quarter. Iowa State Bank now owns 48,957 shares of the e-commerce giant’s stock valued at $9,461,000 after purchasing an additional 1,884 shares during the last quarter. Burns J W & Co. Inc. NY raised its holdings in shares of Amazon.com by 1.7% in the second quarter. Burns J W & Co. Inc. NY now owns 131,669 shares of the e-commerce giant’s stock valued at $25,445,000 after purchasing an additional 2,176 shares during the last quarter. Finally, First Bancorp Inc ME lifted its position in shares of Amazon.com by 5.5% during the second quarter. First Bancorp Inc ME now owns 11,559 shares of the e-commerce giant’s stock valued at $2,234,000 after purchasing an additional 598 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 0.0 %

Shares of NASDAQ:AMZN opened at $222.13 on Thursday. The firm has a fifty day moving average price of $215.07 and a two-hundred day moving average price of $194.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $148.21 and a one year high of $233.00. The company has a market cap of $2.34 trillion, a price-to-earnings ratio of 47.57, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMZN shares. Royal Bank of Canada increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Monness Crespi & Hardt lifted their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.67.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. Company insiders own 10.80% of the company’s stock.

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.