LA Financiere DE L Echiquier Has $165.10 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

LA Financiere DE L Echiquier grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,086,594 shares of the e-commerce giant’s stock after purchasing an additional 12,645 shares during the quarter. Amazon.com makes up about 7.6% of LA Financiere DE L Echiquier’s holdings, making the stock its 2nd largest position. LA Financiere DE L Echiquier’s holdings in Amazon.com were worth $165,097,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AMZN. Trivant Custom Portfolio Group LLC lifted its position in shares of Amazon.com by 2.8% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 28,917 shares of the e-commerce giant’s stock valued at $4,394,000 after purchasing an additional 783 shares in the last quarter. Benin Management CORP increased its stake in Amazon.com by 12.4% in the 4th quarter. Benin Management CORP now owns 26,572 shares of the e-commerce giant’s stock valued at $4,037,000 after buying an additional 2,926 shares during the last quarter. Busey Bank increased its stake in Amazon.com by 7.7% in the 4th quarter. Busey Bank now owns 500,866 shares of the e-commerce giant’s stock valued at $76,102,000 after buying an additional 35,694 shares during the last quarter. United Capital Management of KS Inc. lifted its position in shares of Amazon.com by 5.8% during the 4th quarter. United Capital Management of KS Inc. now owns 81,898 shares of the e-commerce giant’s stock worth $12,444,000 after buying an additional 4,496 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its stake in shares of Amazon.com by 1.1% in the 4th quarter. Strategic Blueprint LLC now owns 109,173 shares of the e-commerce giant’s stock worth $16,588,000 after buying an additional 1,193 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.7 %

Shares of NASDAQ:AMZN opened at $173.67 on Friday. The stock’s 50-day moving average is $177.79 and its 200 day moving average is $158.23. The company has a market cap of $1.80 trillion, a PE ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Susquehanna upped their price objective on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Truist Financial increased their price target on shares of Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. UBS Group raised their price objective on shares of Amazon.com from $198.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets boosted their target price on shares of Amazon.com from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus price target of $205.13.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.30% of the stock is currently owned by company insiders.

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.