Bellecapital International Ltd. Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bellecapital International Ltd. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,491 shares of the e-commerce giant's stock after acquiring an additional 5,161 shares during the period. Amazon.com accounts for about 2.3% of Bellecapital International Ltd.'s holdings, making the stock its 17th biggest position. Bellecapital International Ltd.'s holdings in Amazon.com were worth $11,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AMZN shares. Evercore ISI decreased their target price 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. Moffett Nathanson lifted their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Rosenblatt Securities lifted their price objective on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Citizens Jmp dropped their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Truist Financial dropped their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.81.

Amazon.com Stock Up 2.8%

Shares of Amazon.com stock traded up $6.18 during midday trading on Friday, hitting $223.30. The company had a trading volume of 119,087,933 shares, compared to its average volume of 42,021,779. 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 stock has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.33. The company has a 50 day moving average of $202.26 and a 200 day moving average of $208.86. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly 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. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last 90 days. 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.