Cooper Investors PTY Ltd. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cooper Investors PTY Ltd. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,296 shares of the e-commerce giant's stock after buying an additional 20,183 shares during the quarter. Amazon.com makes up about 2.5% of Cooper Investors PTY Ltd.'s holdings, making the stock its 16th biggest holding. Cooper Investors PTY Ltd.'s holdings in Amazon.com were worth $15,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Consolidated Portfolio Review Corp grew its position in shares of Amazon.com by 19.2% in the 1st quarter. Consolidated Portfolio Review Corp now owns 28,531 shares of the e-commerce giant's stock worth $5,428,000 after buying an additional 4,592 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 56.6% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,229 shares of the e-commerce giant's stock worth $424,000 after buying an additional 806 shares during the period. Lazari Capital Management Inc. grew its position in shares of Amazon.com by 0.6% in the 1st quarter. Lazari Capital Management Inc. now owns 80,749 shares of the e-commerce giant's stock worth $15,363,000 after buying an additional 516 shares during the period. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the 1st quarter worth about $42,000. Finally, Palisade Asset Management LLC grew its position in shares of Amazon.com by 8.0% in the 1st quarter. Palisade Asset Management LLC now owns 4,612 shares of the e-commerce giant's stock worth $877,000 after buying an additional 341 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities upped their price target on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Bank of America upped their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. Tigress Financial upped their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $249.42.

Amazon.com Trading Up 0.3%

Amazon.com stock opened at $225.69 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a 50 day moving average of $210.69 and a 200 day moving average of $208.38. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 384,124 shares of Amazon.com stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the sale, the insider owned 901,995,325 shares of the company's stock, valued at approximately $202,064,992,706.50. This trade represents a 0.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. Corporate insiders own 10.80% of the company's stock.

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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