GAM Holding AG Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

GAM Holding AG lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,643 shares of the e-commerce giant's stock after purchasing an additional 9,438 shares during the period. Amazon.com comprises approximately 3.4% of GAM Holding AG's portfolio, making the stock its 5th largest position. GAM Holding AG's holdings in Amazon.com were worth $43,311,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cable Hill Partners LLC boosted its position in Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after acquiring an additional 44 shares during the last quarter. Northern Capital Management Inc. boosted its holdings in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management boosted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares during the last quarter. Balanced Wealth Group LLC raised its stake in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after acquiring an additional 48 shares during the period. Finally, ETF Store Inc. lifted its holdings in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after acquiring an additional 48 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $3.09 during midday trading on Friday, hitting $225.35. The company's stock had a trading volume of 30,960,339 shares, compared to its average volume of 42,025,008. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm's fifty day moving average price is $209.20 and its 200-day moving average price is $208.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market cap of $2.39 trillion, a P/E ratio of 36.70, a P/E/G ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the business posted $0.98 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMZN. Westpark Capital restated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Tigress Financial lifted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. The Goldman Sachs Group reduced their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $248.63.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider directly owned 905,679,901 shares of the company's stock, valued at $200,535,643,679.42. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. Corporate insiders own 9.70% of the company's stock.

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.