Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd has increased its stake in Amazon.com by 8.7%, making it the firm's 4th largest position, accounting for approximately 3.5% of their investment portfolio.
• Amazon reported $1.59 EPS for the quarter, surpassing estimates of $1.38, which reflects an 8.6% year-over-year revenue growth to $155.67 billion.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon stock for nearly $960.67 million, resulting in a slight decrease in his ownership stake.

IFM Investors Pty Ltd lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,890,875 shares of the e-commerce giant's stock after purchasing an additional 151,179 shares during the period. Amazon.com comprises about 3.5% of IFM Investors Pty Ltd's portfolio, making the stock its 4th largest holding. IFM Investors Pty Ltd's holdings in Amazon.com were worth $352,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC raised its stake in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors increased its holdings in shares of 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. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Finally, Capital International Investors increased its position in Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after buying an additional 12,000,745 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN stock traded down $19.36 during trading on Friday, hitting $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 44,843,602. The business has a 50 day moving average of $217.93 and a 200 day moving average of $209.23. The firm has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 1.71 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. Cowen reaffirmed a "buy" rating on shares of Amazon.com in a research note on Friday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Friday. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Cantor Fitzgerald increased their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Rosenblatt Securities boosted their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $260.85.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548 over the last quarter. Company insiders own 9.70% of the company's stock.

Amazon.com 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.