GF Fund Management CO. LTD. Purchases New Position in Amazon.com, Inc. (NASDAQ:AMZN)

GF Fund Management CO. LTD. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,064,341 shares of the e-commerce giant's stock, valued at approximately $233,506,000. Amazon.com makes up 5.1% of GF Fund Management CO. LTD.'s holdings, making the stock its 4th biggest position.

Other hedge funds also recently made changes to their positions in the company. Pinney & Scofield Inc. bought a new position in Amazon.com during the 4th quarter worth $442,000. University of Texas Texas AM Investment Management Co. boosted its stake in shares of Amazon.com by 7.5% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 80,598 shares of the e-commerce giant's stock worth $17,682,000 after buying an additional 5,644 shares during the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new stake in Amazon.com during the fourth quarter worth about $7,374,000. Public Employees Retirement System of Ohio bought a new stake in shares of Amazon.com in the fourth quarter valued at $911,045,000. Finally, Pacific Point Advisors LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $536,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Corporate insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Barclays cut their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Trading Up 2.7%

NASDAQ AMZN traded up $5.66 on Friday, hitting $213.57. The company's stock had a trading volume of 39,742,962 shares, compared to its average volume of 42,060,312. The company's 50-day simple moving average is $191.41 and its 200 day simple moving average is $208.65. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.27 trillion, a P/E ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.