Zurcher Kantonalbank Zurich Cantonalbank Has $692.78 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,559,589 shares of the e-commerce giant's stock after purchasing an additional 902,371 shares during the quarter. Amazon.com accounts for about 2.7% of Zurcher Kantonalbank Zurich Cantonalbank's investment portfolio, making the stock its 5th largest position. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Amazon.com were worth $692,784,000 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. PayPay Securities Corp increased its stake in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 86 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in Amazon.com in the fourth quarter worth about $57,000. Authentikos Wealth Advisory LLC bought a new position in Amazon.com during the 3rd quarter worth about $49,000. Finally, AM Squared Ltd purchased a new position in Amazon.com during the 3rd quarter valued at about $76,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMZN. BMO Capital Markets lifted their price target on Amazon.com from $215.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Sanford C. Bernstein upped their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Robert W. Baird lifted their price objective on Amazon.com from $205.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. Finally, TD Cowen boosted their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $211.62.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares of the company's stock, valued at $91,832,153.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares of the company's stock, valued at approximately $91,832,153.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 1.3 %

Amazon.com stock traded up $2.49 during mid-day trading on Monday, hitting $188.70. The stock had a trading volume of 34,655,052 shares, compared to its average volume of 44,151,145. The stock has a market capitalization of $1.96 trillion, a PE ratio of 52.86, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $104.70 and a 12 month high of $189.77. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a 50-day simple moving average of $179.29 and a two-hundred day simple moving average of $161.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to analysts' expectations of $142.65 billion. During the same quarter in the previous year, the company earned $0.31 EPS. Amazon.com's revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current year.

Amazon.com Company 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.