Financiere des Professionnels Fonds d investissement inc. Acquires 1,314 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Financiere des Professionnels Fonds d'investissement inc. increased its holdings in Amazon.com, Inc. by 23.5%, acquiring an additional 1,314 shares, bringing its total to 6,901 shares valued at approximately $1.31 million.
• Amazon.com reported $1.68 earnings per share for the last quarter, surpassing expectations of $1.31, with revenue at $167.70 billion, compared to estimates of $161.80 billion.
• Several analysts have elevated their price targets for Amazon.com, with a current average price target of $260.85 and an overall rating of "Buy" from the majority of analysts.

Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,901 shares of the e-commerce giant's stock after purchasing an additional 1,314 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in Amazon.com were worth $1,313,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter worth about $35,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth about $40,000. Finally, Perritt Capital Management Inc raised its position 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 last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. JMP Securities reissued a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday. UBS Group restated a "buy" rating and issued a $271.00 target price (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a report on Friday, June 27th. Cowen reiterated a "buy" rating on shares of Amazon.com in a research note on Friday. Finally, Raymond James Financial reiterated an "outperform" rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $262.45.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded down $19.36 on Friday, hitting $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The firm has a market cap of $2.28 trillion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $218.20 and a 200-day moving average price of $209.11. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.