Amazon.com, Inc. (NASDAQ:AMZN) Position Raised by Impax Asset Management Group plc

Key Points

• Impax Asset Management Group plc increased its stake in Amazon.com by 128.4% in the first quarter, raising their holdings to 214,880 shares worth approximately $40.88 million.
• Amazon.com reported $1.59 EPS for the quarter, exceeding estimates, with revenue of $155.67 billion, up 8.6% year-over-year.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon.com for nearly $960.67 million, slightly reducing his ownership to 897.72 million shares.

Impax Asset Management Group plc grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 128.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,880 shares of the e-commerce giant's stock after purchasing an additional 120,782 shares during the period. Impax Asset Management Group plc's holdings in Amazon.com were worth $40,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Northern Capital Management Inc. grew its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after buying an additional 45 shares during the last quarter. Balanced Wealth Group LLC grew its holdings in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after buying an additional 48 shares during the last quarter. ETF Store Inc. grew its holdings in Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after buying an additional 48 shares during the last quarter. Chatham Capital Group Inc. grew its holdings in Amazon.com by 0.8% during the 4th quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant's stock valued at $1,321,000 after buying an additional 50 shares during the last quarter. Finally, Foundry Financial Group Inc. grew its holdings in Amazon.com by 3.5% during the 4th quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant's stock valued at $331,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Royal Bank Of Canada increased their target price on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Friday. Robert W. Baird increased their price target on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Bank of America increased their price target on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday. Jefferies Financial Group increased their price target on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Amazon.com in a research note on Monday. Three research 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $260.85.

Amazon.com Stock Performance

NASDAQ AMZN traded down $19.36 during trading hours on Friday, reaching $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $217.93 and a 200 day simple moving average of $209.23. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $2.28 trillion, a PE ratio of 32.74, a PEG ratio of 1.74 and a beta of 1.31.

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

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 25,099,537 shares of company stock worth $5,674,394,548 over the last quarter. 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.