Generali Investments CEE investicni spolecnost a.s. Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Generali Investments CEE increased its stake in Amazon.com by 12.9%, holding 79,851 shares worth approximately $15.2 million, making Amazon its 6th largest holding.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon, resulting in a 0.30% decrease in his ownership, as he continues to own approximately $203.6 billion worth of the stock.
• Amazon reported a quarterly earnings of $1.59 per share, exceeding analysts' expectations, with a revenue of $155.67 billion, marking an 8.6% increase year-over-year.

Generali Investments CEE investicni spolecnost a.s. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,851 shares of the e-commerce giant's stock after buying an additional 9,151 shares during the quarter. Amazon.com accounts for about 1.4% of Generali Investments CEE investicni spolecnost a.s.'s investment portfolio, making the stock its 6th largest position. Generali Investments CEE investicni spolecnost a.s.'s holdings in Amazon.com were worth $15,192,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC grew its holdings in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at $514,000. Segall Bryant & Hamill LLC grew its holdings in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at $12,014,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 25,099,537 shares of company stock worth $5,674,394,548 over the last quarter. 9.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Amazon.com stock traded down $19.36 during trading hours on Friday, hitting $214.75. 122,007,379 shares of the stock were exchanged, compared to its average volume of 37,811,656. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.28 trillion, a P/E ratio of 32.74, a P/E/G ratio of 1.74 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The business's 50-day moving average is $217.93 and its two-hundred day moving average is $209.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMZN shares. Oppenheimer lowered their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday. Susquehanna upped their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday. Telsey Advisory Group upped their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Cowen reiterated a "buy" rating on shares of Amazon.com in a report on Friday. Three investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.85.

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.