Zurich Insurance Group Ltd FI Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Zurich Insurance Group Ltd FI lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,463,926 shares of the e-commerce giant's stock after acquiring an additional 456,055 shares during the quarter. Amazon.com makes up 4.4% of Zurich Insurance Group Ltd FI's investment portfolio, making the stock its 4th largest position. Zurich Insurance Group Ltd FI's holdings in Amazon.com were worth $540,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter worth about $27,000. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth about $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% in the 4th 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 period. Finally, Compass Planning Associates Inc bought a new position in Amazon.com in the 4th quarter worth about $51,000. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% 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. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president now directly owns 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 over the last quarter. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Up 0.8%

Amazon.com stock traded up $1.64 during mid-day trading on Monday, hitting $206.65. The company had a trading volume of 29,034,623 shares, compared to its average volume of 41,968,820. 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 stock's 50 day moving average price is $190.57 and its two-hundred day moving average price is $208.61. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market capitalization of $2.19 trillion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

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. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley dropped their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wedbush reiterated an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $244.57.

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.