Generali Investments Management Co LLC Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Generali Investments Management Co LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 111,165 shares of the e-commerce giant’s stock, valued at approximately $24,388,000. Amazon.com makes up approximately 6.3% of Generali Investments Management Co LLC’s holdings, making the stock its 4th largest position.

Several other hedge funds have also modified their holdings of the company. Richmond Brothers Inc. acquired a new position in Amazon.com in the 4th quarter worth about $209,000. GM Advisory Group LLC increased its position in shares of Amazon.com by 0.6% in the fourth quarter. GM Advisory Group LLC now owns 94,449 shares of the e-commerce giant’s stock valued at $20,721,000 after buying an additional 540 shares in the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $48,646,000. Investment House LLC lifted its position in shares of Amazon.com by 5.0% during the 4th quarter. Investment House LLC now owns 349,206 shares of the e-commerce giant’s stock valued at $76,612,000 after buying an additional 16,609 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in Amazon.com by 42.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 523,318 shares of the e-commerce giant’s stock valued at $114,764,000 after acquiring an additional 155,714 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMZN. Citigroup decreased their price objective on shares of Amazon.com from $273.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada boosted their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.73.

Amazon.com Stock Performance

NASDAQ AMZN opened at $172.51 on Monday. The business has a 50 day moving average price of $198.44 and a 200 day moving average price of $208.23. The company has a market capitalization of $1.83 trillion, a P/E ratio of 31.19, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-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.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860. This trade represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by insiders.

Amazon.com 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.