Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 716,522 shares of the e-commerce giant’s stock after purchasing an additional 17,909 shares during the quarter. Amazon.com accounts for approximately 1.4% of Edmond DE Rothschild Holding S.A.’s portfolio, making the stock its 11th largest position. Edmond DE Rothschild Holding S.A.’s holdings in Amazon.com were worth $60,188,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. HC Advisors LLC grew its holdings in shares of Amazon.com by 9.7% during the fourth quarter. HC Advisors LLC now owns 5,267 shares of the e-commerce giant’s stock worth $442,000 after purchasing an additional 467 shares in the last quarter. Perseverance Asset Management International grew its holdings in shares of Amazon.com by 9,400.0% during the fourth quarter. Perseverance Asset Management International now owns 190,000 shares of the e-commerce giant’s stock worth $15,960,000 after purchasing an additional 188,000 shares in the last quarter. Prudential PLC grew its holdings in shares of Amazon.com by 48.1% during the fourth quarter. Prudential PLC now owns 397,009 shares of the e-commerce giant’s stock worth $33,349,000 after purchasing an additional 128,977 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Amazon.com by 7.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 753,697 shares of the e-commerce giant’s stock worth $63,311,000 after buying an additional 54,945 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd lifted its position in Amazon.com by 17.1% in the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 69,455 shares of the e-commerce giant’s stock worth $5,834,000 after buying an additional 10,165 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Susquehanna boosted their target price on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Piper Sandler boosted their target price on Amazon.com from $123.00 to $130.00 in a research report on Friday, April 28th. Tigress Financial restated a “buy” rating and issued a $192.00 target price on shares of Amazon.com in a research report on Thursday, February 9th. Finally, Robert W. Baird boosted their target price on Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $143.12.
Amazon.com Trading Up 4.4 %
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. Amazon.com’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CFO Brian T. Olsavsky sold 16,800 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $116.69, for a total value of $1,960,392.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $5,717,810. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $116.69, for a total value of $1,960,392.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $5,717,810. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,144 shares of company stock valued at $8,405,887. 12.30% of the stock is owned by company insiders.
Amazon.com Company Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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