BW Gestao de Investimentos Ltda. Acquires 24,599 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BW Gestao de Investimentos Ltda. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 71.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,119 shares of the e-commerce giant’s stock after purchasing an additional 24,599 shares during the period. Amazon.com accounts for about 0.4% of BW Gestao de Investimentos Ltda.’s portfolio, making the stock its 25th biggest position. BW Gestao de Investimentos Ltda.’s holdings in Amazon.com were worth $12,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Regent Peak Wealth Advisors LLC boosted its holdings in Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock worth $9,906,000 after acquiring an additional 318 shares in the last quarter. RMR Wealth Builders boosted its holdings in Amazon.com by 2.5% in the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock worth $15,450,000 after acquiring an additional 1,690 shares in the last quarter. JCIC Asset Management Inc. boosted its holdings in Amazon.com by 1.0% in the fourth quarter. JCIC Asset Management Inc. now owns 79,557 shares of the e-commerce giant’s stock worth $17,454,000 after acquiring an additional 754 shares in the last quarter. Fulcrum Capital LLC boosted its holdings in Amazon.com by 1.1% in the fourth quarter. Fulcrum Capital LLC now owns 101,212 shares of the e-commerce giant’s stock worth $22,205,000 after acquiring an additional 1,055 shares in the last quarter. Finally, Enterprise Bank & Trust Co boosted its holdings in Amazon.com by 2.1% in the fourth quarter. Enterprise Bank & Trust Co now owns 44,690 shares of the e-commerce giant’s stock worth $9,805,000 after acquiring an additional 927 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMZN. BNP Paribas upgraded Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Maxim Group raised their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. JMP Securities restated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, UBS Group restated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Price Performance

NASDAQ:AMZN opened at $200.99 on Friday. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a fifty day moving average of $190.05 and a 200 day moving average of $208.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,749 shares of company stock valued at $24,197,235. Company insiders own 9.70% 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.