Pictet North America Advisors SA lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,856 shares of the e-commerce giant's stock after selling 2,472 shares during the period. Amazon.com comprises about 2.9% of Pictet North America Advisors SA's holdings, making the stock its 7th largest holding. Pictet North America Advisors SA's holdings in Amazon.com were worth $29,463,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
NASDAQ AMZN traded down $0.82 on Wednesday, reaching $230.19. 32,258,949 shares of the stock were exchanged, compared to its average volume of 33,970,456. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $2.44 trillion, a PE ratio of 37.49, a PEG ratio of 1.71 and a beta of 1.33. The company's 50-day simple moving average is $217.31 and its two-hundred day simple moving average is $209.12.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (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 company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider 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 legal filing with the SEC, which is available at this hyperlink. Insiders sold 25,102,037 shares of company stock worth $5,674,871,223 over the last quarter. 9.70% of the stock is owned by company insiders.
Analyst Ratings Changes
AMZN has been the subject of a number of recent analyst reports. UBS Group reiterated a "buy" rating and set a $271.00 price target (up from $249.00) on shares of Amazon.com in a report on Monday. BMO Capital Markets boosted their price objective on shares of Amazon.com from $233.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Oppenheimer increased their target price on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. DA Davidson cut their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $255.52.
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About Amazon.com
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Free Report)
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.
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