Consolidated Press International Holdings Ltd. Invests $8.78 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Consolidated Press International Holdings Ltd. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 40,000 shares of the e-commerce giant's stock, valued at approximately $8,776,000. Amazon.com makes up 1.3% of Consolidated Press International Holdings Ltd.'s portfolio, making the stock its 4th biggest holding.

A number of other large investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc raised its position in shares of 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 purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter valued at about $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC lifted its stake in shares of 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 in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Citizens Jmp reduced their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Raymond James reiterated an "outperform" rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Benchmark restated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. The Goldman Sachs Group lowered their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Tigress Financial increased 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. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Price Performance

NASDAQ:AMZN traded up $1.98 on Thursday, reaching $203.10. 38,797,180 shares of the company's stock traded hands, compared to its average volume of 41,908,253. The stock has a 50-day simple moving average of $189.74 and a 200-day simple moving average of $208.74. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.16 trillion, a PE ratio of 36.73, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) 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 firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the business posted $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the sale, the chief executive officer now directly owns 514,150 shares in the company, valued at approximately $105,426,457.50. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the firm'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 transaction, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock valued at $17,421,044 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

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.