Banque Transatlantique SA Buys Shares of 1,760,814 Amazon.com, Inc. (NASDAQ:AMZN)

Banque Transatlantique SA acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,760,814 shares of the e-commerce giant's stock, valued at approximately $365,794,000. Amazon.com makes up approximately 8.6% of Banque Transatlantique SA's holdings, making the stock its 3rd largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC grew its position in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC grew its position in shares of Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new position in Amazon.com during the fourth quarter worth about $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Wells Fargo & Company dropped their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Oppenheimer dropped their price target on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Evercore ISI dropped their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four investment 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.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Up 2.5%

Shares of NASDAQ AMZN traded up $5.03 during midday trading on Tuesday, hitting $206.02. 34,776,251 shares of the company's stock were exchanged, compared to its average volume of 41,992,480. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.19 trillion, a PE ratio of 37.25, a P/E/G ratio of 1.50 and a beta of 1.30. The firm's fifty day simple moving average is $190.38 and its 200-day simple moving average is $208.73.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping 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 business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the company earned $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm'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 transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,537 shares of company stock valued at $20,018,625. Corporate insiders own 9.70% of the company's stock.

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.