Unigestion Holding SA Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Unigestion Holding SA increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,320 shares of the e-commerce giant’s stock after acquiring an additional 1,536 shares during the quarter. Unigestion Holding SA’s holdings in Amazon.com were worth $4,677,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in Amazon.com by 2.1% during the fourth quarter. Federated Hermes Inc. now owns 3,348,721 shares of the e-commerce giant’s stock worth $734,676,000 after purchasing an additional 68,171 shares during the period. Clarkston Capital Partners LLC lifted its stake in shares of Amazon.com by 8.0% during the 4th quarter. Clarkston Capital Partners LLC now owns 13,694 shares of the e-commerce giant’s stock valued at $3,004,000 after buying an additional 1,020 shares in the last quarter. Alcosta Capital Management Inc. boosted its holdings in Amazon.com by 0.3% in the 4th quarter. Alcosta Capital Management Inc. now owns 53,295 shares of the e-commerce giant’s stock worth $11,692,000 after buying an additional 135 shares during the period. Waterloo Capital L.P. grew its stake in Amazon.com by 10.6% in the 4th quarter. Waterloo Capital L.P. now owns 40,873 shares of the e-commerce giant’s stock valued at $8,967,000 after buying an additional 3,932 shares in the last quarter. Finally, Darden Wealth Group Inc raised its holdings in Amazon.com by 2.4% during the 4th quarter. Darden Wealth Group Inc now owns 34,824 shares of the e-commerce giant’s stock valued at $7,640,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,298 shares of company stock worth $23,818,478. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. BNP Paribas raised shares of Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Mizuho decreased their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Citigroup lowered their target price on shares of Amazon.com from $273.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.55.

Amazon.com Stock Down 1.9 %

NASDAQ AMZN opened at $186.35 on Tuesday. The business’s 50-day moving average is $189.92 and its 200 day moving average is $208.04. The stock has a market capitalization of $1.98 trillion, a PE ratio of 33.70, a PEG ratio of 1.50 and a beta of 1.30. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.