Impax Asset Management Group plc Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Impax Asset Management Group plc decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,043 shares of the e-commerce giant’s stock after selling 27,229 shares during the period. Impax Asset Management Group plc’s holdings in Amazon.com were worth $26,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its position in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com during the 3rd quarter valued at about $49,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $57,000. Finally, AM Squared Ltd acquired a new stake in shares of Amazon.com during the 3rd quarter valued at about $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated 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 owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $179.62 on Friday. 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. The company has a market capitalization of $1.87 trillion, a PE ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16. The company has a fifty day moving average of $177.99 and a two-hundred day moving average of $158.79.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 4.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. Moffett Nathanson restated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Roth Mkm restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Tuesday, April 16th. Raymond James raised their target price on Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday. Finally, Evercore ISI raised their price target on shares of Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One 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, the company currently has a consensus rating of “Buy” and a consensus target price of $205.13.

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.