Amazon.com, Inc. (NASDAQ:AMZN) is Covea Finance's 3rd Largest Position

Covea Finance raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 472,684 shares of the e-commerce giant's stock after buying an additional 2,286 shares during the quarter. Amazon.com comprises approximately 4.1% of Covea Finance's portfolio, making the stock its 3rd biggest position. Covea Finance's holdings in Amazon.com were worth $89,933,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Carr Financial Group Corp increased its holdings in shares of Amazon.com by 9.7% during the first quarter. Carr Financial Group Corp now owns 16,948 shares of the e-commerce giant's stock valued at $3,225,000 after acquiring an additional 1,494 shares in the last quarter. DMKC Advisory Services LLC grew its position in Amazon.com by 8.9% during the 1st quarter. DMKC Advisory Services LLC now owns 1,461 shares of the e-commerce giant's stock valued at $278,000 after purchasing an additional 120 shares during the last quarter. Compass Ion Advisors LLC increased its stake in Amazon.com by 0.8% during the 1st quarter. Compass Ion Advisors LLC now owns 26,184 shares of the e-commerce giant's stock valued at $4,982,000 after purchasing an additional 204 shares in the last quarter. Citizens & Northern Corp raised its holdings in Amazon.com by 3.1% in the first quarter. Citizens & Northern Corp now owns 40,906 shares of the e-commerce giant's stock worth $7,783,000 after buying an additional 1,216 shares during the last quarter. Finally, Riverwater Partners LLC raised its holdings in Amazon.com by 39.8% in the first quarter. Riverwater Partners LLC now owns 4,961 shares of the e-commerce giant's stock worth $944,000 after buying an additional 1,413 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer owned 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock valued at $1,531,840,610 in the last 90 days. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. Rosenblatt Securities raised their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. JPMorgan Chase & Co. increased their price objective on Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Oppenheimer boosted their target price on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $249.42.

Amazon.com Price Performance

AMZN traded up $2.76 during trading on Friday, hitting $225.02. 50,481,094 shares of the company traded hands, compared to its average volume of 42,089,069. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.39 trillion, a PE ratio of 36.65, a P/E/G ratio of 1.67 and a beta of 1.33. The stock's 50-day simple moving average is $209.90 and its two-hundred day simple moving average is $208.63. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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

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.