Comgest Global Investors S.A.S. Acquires 60,753 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Comgest Global Investors S.A.S. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,237,159 shares of the e-commerce giant's stock after purchasing an additional 60,753 shares during the period. Amazon.com makes up about 4.4% of Comgest Global Investors S.A.S.'s investment portfolio, making the stock its 10th biggest holding. Comgest Global Investors S.A.S.'s holdings in Amazon.com were worth $271,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cable Hill Partners LLC grew its position in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares during the period. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the period. Northern Capital Management Inc. raised its position in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares in the last quarter. White Wing Wealth Management lifted its holdings in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after acquiring an additional 47 shares during the period. Finally, MBM Wealth Consultants LLC boosted its position in Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com 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 directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,298 shares of company stock worth $23,818,478. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN traded up $15.58 during mid-day trading on Monday, reaching $208.64. 75,079,153 shares of the company's stock traded hands, compared to its average volume of 41,856,102. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business's 50-day moving average price is $188.50 and its 200-day moving average price is $208.10. The stock has a market capitalization of $2.21 trillion, a P/E ratio of 37.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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 announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMZN. Westpark Capital reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Barclays lowered their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. DA Davidson reduced their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Scotiabank dropped their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Finally, Bank of America decreased their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

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.