Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Fisher Funds Management LTD

Key Points

• Fisher Funds Management LTD increased its stake in Amazon.com, Inc. by 11.4% during the first quarter, now owning over 1.1 million shares valued at about $213.9 million.
• Multiple analysts have upgraded their ratings for Amazon, with price targets ranging from $235 to $270, indicating a strong confidence in the company's performance.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon, which highlights significant insider activity, while insiders collectively own about 10.8% of the company.

Fisher Funds Management LTD lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,124,479 shares of the e-commerce giant's stock after buying an additional 114,882 shares during the period. Amazon.com makes up 5.2% of Fisher Funds Management LTD's portfolio, making the stock its 2nd biggest position. Fisher Funds Management LTD's holdings in Amazon.com were worth $213,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc raised 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 worth $42,000 after purchasing an additional 80 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $40,000. Finally, Capitol Family Office Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMZN shares. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday. DA Davidson increased their price target on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Finally, JMP Securities reiterated a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday. Two analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus target price of $260.85.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on Thursday, July 24th. The shares were 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 owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 25,099,537 shares of company stock worth $5,674,394,548. Insiders own 9.70% of the company's stock.

Amazon.com Trading Down 8.3%

AMZN stock traded down $19.36 during trading on Friday, hitting $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. 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 firm has a 50-day moving average price of $218.20 and a 200-day moving average price of $209.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.74 and a beta of 1.31.

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