Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by China Universal Asset Management Co. Ltd.

Key Points

• China Universal Asset Management Co. Ltd. increased its stake in Amazon.com by 18.7% in Q1, owning 281,310 shares valued at approximately $53.5 million, making it the fourth largest position in its portfolio.
• Amazon reported earnings of $1.68 per share for the last quarter, exceeding analysts' expectations of $1.31 and achieving a revenue of $167.70 billion, up 13.3% from the previous year.
• Insider Jeffrey P. Bezos sold 4.27 million shares for nearly $961 million, which resulted in a 0.47% decrease in his stake in the company.

China Universal Asset Management Co. Ltd. grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 281,310 shares of the e-commerce giant's stock after buying an additional 44,221 shares during the period. Amazon.com makes up 5.0% of China Universal Asset Management Co. Ltd.'s portfolio, making the stock its 4th largest position. China Universal Asset Management Co. Ltd.'s holdings in Amazon.com were worth $53,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $19.36 during midday trading on Friday, hitting $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 43,924,596. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.57 and a beta of 1.31. The company has a fifty day simple moving average of $218.20 and a 200 day simple moving average of $209.11.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results 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 10.54% and a return on equity of 23.84%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 25,099,537 shares of company stock worth $5,674,394,548 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. Bank of America boosted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday. Westpark Capital reissued a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday. Cantor Fitzgerald increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of "Buy" and an average price target of $262.45.

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.