BI Asset Management Fondsmaeglerselskab A S Acquires New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,446,295 shares of the e-commerce giant's stock, valued at approximately $317,303,000. Amazon.com comprises approximately 3.3% of BI Asset Management Fondsmaeglerselskab A S's portfolio, making the stock its 5th biggest holding.

Other hedge funds have also modified their holdings of the company. Capital International Inc. CA increased its stake in Amazon.com by 29.1% during the fourth quarter. Capital International Inc. CA now owns 526,178 shares of the e-commerce giant's stock worth $115,438,000 after acquiring an additional 118,736 shares during the last quarter. Capital World Investors grew its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Carbahal Olsen Financial Services Group LLC purchased a new stake in Amazon.com in the fourth quarter worth $205,000. Coastline Trust Co increased its stake in Amazon.com by 6.1% in the 4th quarter. Coastline Trust Co now owns 127,876 shares of the e-commerce giant's stock worth $28,055,000 after buying an additional 7,399 shares during the period. Finally, Curi RMB Capital LLC grew its stake in Amazon.com by 3.8% in the 4th quarter. Curi RMB Capital LLC now owns 481,160 shares of the e-commerce giant's stock worth $105,562,000 after acquiring an additional 17,710 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,798 shares of company stock worth $17,696,733 in the last 90 days. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded up $0.42 during mid-day trading on Friday, hitting $205.59. 43,001,394 shares of the stock were exchanged, compared to its average volume of 41,940,570. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a fifty day moving average of $189.15 and a 200 day moving average of $208.40. The company has a market cap of $2.18 trillion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMZN shares. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Oppenheimer dropped their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wedbush reaffirmed an "outperform" rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Citizens Jmp dropped their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada decreased their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Company 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.