BLI Banque de Luxembourg Investments Buys New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

BLI Banque de Luxembourg Investments bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 533,680 shares of the e-commerce giant's stock, valued at approximately $118,047,000. Amazon.com accounts for approximately 3.2% of BLI Banque de Luxembourg Investments' investment portfolio, making the stock its 6th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC increased its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 1.0%

Amazon.com stock opened at $203.10 on Friday. The stock has a 50-day moving average of $189.89 and a two-hundred day moving average of $208.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.16 trillion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company's stock, valued at $10,864,125. This trade represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,996 shares of company stock valued at $6,316,899. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMZN shares. Scotiabank cut their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Raymond James reissued an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Barclays cut their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Tigress Financial upped their price objective on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Citizens Jmp cut their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

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.

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