Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by GAM Holding AG

GAM Holding AG grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,984 shares of the e-commerce giant’s stock after buying an additional 46,752 shares during the quarter. Amazon.com accounts for about 2.2% of GAM Holding AG’s holdings, making the stock its 6th biggest position. GAM Holding AG’s holdings in Amazon.com were worth $29,626,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AMZN. Register Financial Advisors LLC lifted its position in shares of Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Amazon.com by 1.0% during the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after purchasing an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC lifted its position in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp lifted its position in shares of Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. raised its position in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. 12.30% of the stock is currently owned by insiders.

Amazon.com Trading Down 1.1 %

Shares of AMZN opened at $179.22 on Friday. The firm has a market cap of $1.86 trillion, a price-to-earnings ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The firm has a 50 day moving average price of $177.28 and a 200-day moving average price of $156.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Tuesday. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $202.80.

About Amazon.com

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.