Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by GF Fund Management CO. LTD.

Key Points

• GF Fund Management CO. LTD. increased its holdings in Amazon.com, Inc. by 12.0%, owning a total of 1,192,024 shares valued at approximately $226.8 million.
• Amazon insiders, including Jeffrey P. Bezos, sold significant shares recently, with Bezos selling over 2.6 million shares for more than $609 million.
• Several analysts have issued target price changes for Amazon, with an average target set at $255.21, indicating continued confidence in the company's performance.

GF Fund Management CO. LTD. increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,192,024 shares of the e-commerce giant's stock after purchasing an additional 127,683 shares during the quarter. Amazon.com makes up about 5.3% of GF Fund Management CO. LTD.'s investment portfolio, making the stock its 4th largest holding. GF Fund Management CO. LTD.'s holdings in Amazon.com were worth $226,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter valued at $35,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the first quarter valued at $40,000. Finally, Perritt Capital Management Inc increased 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 valued at $42,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. Pivotal Research upped their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Raymond James Financial reissued an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Cowen reissued a "buy" rating on shares of Amazon.com in a report on Friday. Finally, Jefferies Financial Group boosted their price target on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. 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's stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $260.85.

Amazon.com Stock Down 8.3%

Shares of Amazon.com stock traded down $19.36 during trading on Friday, reaching $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 44,843,602. 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 market cap of $2.28 trillion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 1.71 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a 50-day simple moving average of $217.93 and a two-hundred day simple moving average of $209.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company 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 firm posted $1.26 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com 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 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 legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Insiders own 9.70% of the company's stock.

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.