Pictet North America Advisors SA reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 4.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,595 shares of the e-commerce giant’s stock after selling 7,275 shares during the quarter. Amazon.com makes up 2.9% of Pictet North America Advisors SA’s holdings, making the stock its 11th largest position. Pictet North America Advisors SA’s holdings in Amazon.com were worth $18,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Instrumental Wealth LLC acquired a new position in shares of Amazon.com in the first quarter valued at about $365,000. Cypress Capital Group grew its stake in shares of Amazon.com by 9.6% in the first quarter. Cypress Capital Group now owns 54,411 shares of the e-commerce giant’s stock valued at $5,620,000 after buying an additional 4,778 shares in the last quarter. Stonebridge Financial Planning Group LLC grew its stake in Amazon.com by 0.5% during the 1st quarter. Stonebridge Financial Planning Group LLC now owns 26,643 shares of the e-commerce giant’s stock worth $2,752,000 after purchasing an additional 120 shares in the last quarter. Calamos Wealth Management LLC lifted its holdings in shares of Amazon.com by 8.6% in the 1st quarter. Calamos Wealth Management LLC now owns 282,126 shares of the e-commerce giant’s stock valued at $29,141,000 after purchasing an additional 22,343 shares during the last quarter. Finally, Fagan Associates Inc. increased its position in Amazon.com by 0.3% during the 1st quarter. Fagan Associates Inc. now owns 74,734 shares of the e-commerce giant’s stock worth $7,719,000 after purchasing an additional 248 shares during the period. 56.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on AMZN shares. Deutsche Bank Aktiengesellschaft lowered their target price on Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. Barclays raised their price objective on Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Benchmark raised their target price on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. StockNews.com upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, Tigress Financial lifted their price target on Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $159.46.
Amazon.com Stock Performance
NASDAQ:AMZN opened at $138.41 on Monday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.42 trillion, a PE ratio of 108.99, a price-to-earnings-growth ratio of 1.90 and a beta of 1.26. The firm has a 50-day moving average price of $130.09 and a 200 day moving average price of $112.73.
Insider Buying and Selling
In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 transaction of $1,960,392.00. Following the completion of the sale, 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 document filed with the SEC, which is accessible through this link. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Insiders sold 1,289,545 shares of company stock valued at $37,421,157 over the last quarter. Corporate insiders own 12.30% of the company’s stock.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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