LGT Group Foundation Buys 44,045 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

LGT Group Foundation lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,668,520 shares of the e-commerce giant’s stock after buying an additional 44,045 shares during the quarter. Amazon.com makes up about 5.7% of LGT Group Foundation’s holdings, making the stock its 3rd biggest holding. LGT Group Foundation’s holdings in Amazon.com were worth $366,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. DJE Kapital AG acquired a new position in Amazon.com during the fourth quarter worth $234,337,000. Sonoma Private Wealth LLC grew its holdings in shares of Amazon.com by 2.8% in the 4th quarter. Sonoma Private Wealth LLC now owns 5,409 shares of the e-commerce giant’s stock worth $1,187,000 after purchasing an additional 149 shares during the last quarter. Silphium Asset Management Ltd increased its position in shares of Amazon.com by 6.6% during the 4th quarter. Silphium Asset Management Ltd now owns 25,659 shares of the e-commerce giant’s stock worth $5,629,000 after purchasing an additional 1,584 shares in the last quarter. Plato Investment Management Ltd lifted its holdings in Amazon.com by 8.0% during the 4th quarter. Plato Investment Management Ltd now owns 232,038 shares of the e-commerce giant’s stock valued at $51,092,000 after purchasing an additional 17,126 shares during the last quarter. Finally, Bellecapital International Ltd. boosted its position in Amazon.com by 17.7% in the fourth quarter. Bellecapital International Ltd. now owns 55,330 shares of the e-commerce giant’s stock valued at $12,139,000 after buying an additional 8,324 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMZN shares. UBS Group raised their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Westpark Capital began coverage on Amazon.com in a report on Tuesday. They set a “buy” rating and a $280.00 target price on the stock. HSBC lifted their price target on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $260.53.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $196.01 on Thursday. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 35.44, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business’s 50 day simple moving average is $214.60 and its two-hundred day simple moving average is $209.22.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

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.