Amazon.com, Inc. (NASDAQ:AMZN) is GCQ FUNDS MANAGEMENT PTY Ltd's 2nd Largest Position

Key Points

• GCQ Funds Management Pty Ltd has increased its stake in Amazon.com, Inc. by 42.8%, now holding approximately $60.24 million worth of shares, making Amazon its second largest position.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon's stock for a total of nearly $960.67 million, reducing his ownership slightly to about 897 million shares.
• Analysts show a generally positive outlook for Amazon with the stock receiving multiple price target adjustments, including an increase from $250 to $285 from JMP Securities, suggesting a consensus rating of "Moderate Buy."

GCQ FUNDS MANAGEMENT PTY Ltd lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 42.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 316,622 shares of the e-commerce giant's stock after acquiring an additional 94,890 shares during the quarter. Amazon.com makes up 14.8% of GCQ FUNDS MANAGEMENT PTY Ltd's portfolio, making the stock its 2nd biggest position. GCQ FUNDS MANAGEMENT PTY Ltd's holdings in Amazon.com were worth $60,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tallon Kerry Patrick bought a new position in shares of Amazon.com in the fourth quarter worth approximately $800,000. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG raised its stake in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.4%

NASDAQ AMZN traded down $0.82 on Wednesday, hitting $230.19. 32,258,949 shares of the stock were exchanged, compared to its average volume of 33,970,456. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market capitalization of $2.44 trillion, a P/E ratio of 37.49, a P/E/G ratio of 1.71 and a beta of 1.33. The stock has a fifty day moving average price of $217.31 and a two-hundred day moving average price of $209.12.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group reiterated a "buy" rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a report on Monday. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, July 10th. Needham & Company LLC increased their price objective on shares of Amazon.com from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. BMO Capital Markets lifted their target price on shares of Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Truist Financial increased their price target on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Three 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 company. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $255.52.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 25,102,037 shares of company stock worth $5,674,871,223. 9.70% of the stock is owned by insiders.

Amazon.com 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.