Capital International Inc. CA Purchases 118,736 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital International Inc. CA grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 526,178 shares of the e-commerce giant's stock after buying an additional 118,736 shares during the period. Amazon.com makes up 1.4% of Capital International Inc. CA's investment portfolio, making the stock its 11th biggest holding. Capital International Inc. CA's holdings in Amazon.com were worth $115,438,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMZN. Capital World Investors increased its stake in Amazon.com by 36.8% in the fourth 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 period. Carbahal Olsen Financial Services Group LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $205,000. Coastline Trust Co grew its stake in shares of Amazon.com by 6.1% in the 4th quarter. Coastline Trust Co now owns 127,876 shares of the e-commerce giant's stock valued at $28,055,000 after purchasing an additional 7,399 shares during the period. Curi RMB Capital LLC raised its holdings in shares of 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 buying an additional 17,710 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Amazon.com by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 28,863,592 shares of the e-commerce giant's stock worth $6,333,076,000 after buying an additional 1,050,782 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on AMZN shares. Loop Capital boosted their price target on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Cantor Fitzgerald raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the firm'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 transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company's stock, valued at $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 80,798 shares of company stock worth $17,696,733 over the last quarter. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 0.2%

Shares of Amazon.com stock traded up $0.42 during trading hours on Friday, hitting $205.59. The company's stock had a trading volume of 43,001,394 shares, compared to its average volume of 41,940,570. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a 50 day moving average of $189.15 and a 200 day moving average of $208.40. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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

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.