EFG Asset Management North America Corp. Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

EFG Asset Management North America Corp. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,574.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 49,255 shares of the e-commerce giant’s stock after purchasing an additional 46,313 shares during the period. Amazon.com accounts for 1.1% of EFG Asset Management North America Corp.’s holdings, making the stock its 25th biggest position. EFG Asset Management North America Corp.’s holdings in Amazon.com were worth $5,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LRT Capital Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth approximately $939,000. Bellecapital International Ltd. increased its stake in shares of Amazon.com by 1,993.8% during the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after purchasing an additional 67,270 shares during the last quarter. Van Hulzen Asset Management LLC increased its stake in shares of Amazon.com by 2.1% during the 1st quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after purchasing an additional 82 shares during the last quarter. Bouchey Financial Group Ltd increased its stake in shares of Amazon.com by 2,027.5% during the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after purchasing an additional 152,790 shares during the last quarter. Finally, Ervin Investment Management LLC increased its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after purchasing an additional 2,793 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMZN shares. Wells Fargo & Company decreased their price target on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Rosenblatt Securities reduced their price objective on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, November 14th. Wedbush reduced their price objective on shares of Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Moffett Nathanson began coverage on shares of Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $149.40.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 303,988 shares of company stock worth $11,164,283. 12.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $94.13 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $960.28 billion, a PE ratio of 86.40, a P/E/G ratio of 6.23 and a beta of 1.23. The firm has a fifty day simple moving average of $108.44 and a two-hundred day simple moving average of $116.60. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $181.68.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current year.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

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

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