EFG Asset Management North America Corp. Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

EFG Asset Management North America Corp. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,416 shares of the e-commerce giant’s stock after buying an additional 9,232 shares during the period. Amazon.com makes up 2.8% of EFG Asset Management North America Corp.’s holdings, making the stock its 3rd biggest position. EFG Asset Management North America Corp.’s holdings in Amazon.com were worth $16,131,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMZN. GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of Amazon.com by 291.8% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock worth $4,406,000 after purchasing an additional 21,595 shares during the period. Mather Group LLC. increased its position in shares of Amazon.com by 5.5% in the fourth quarter. Mather Group LLC. now owns 40,318 shares of the e-commerce giant’s stock worth $6,126,000 after purchasing an additional 2,106 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Amazon.com by 4.1% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 34,760 shares of the e-commerce giant’s stock worth $5,281,000 after purchasing an additional 1,365 shares during the period. McAdam LLC increased its position in shares of Amazon.com by 0.4% in the fourth quarter. McAdam LLC now owns 21,719 shares of the e-commerce giant’s stock worth $3,300,000 after purchasing an additional 91 shares during the period. Finally, Choreo LLC increased its position in shares of Amazon.com by 33.8% in the fourth quarter. Choreo LLC now owns 125,620 shares of the e-commerce giant’s stock worth $19,087,000 after purchasing an additional 31,750 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock worth $1,220,621,322 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Rosenblatt Securities raised their price target on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird raised their price objective on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Morgan Stanley reduced their price objective on Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Sanford C. Bernstein raised their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, UBS Group raised their price objective on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $222.49.

Amazon.com Trading Up 1.1 %

Shares of AMZN stock opened at $186.88 on Wednesday. The company has a market cap of $1.94 trillion, a P/E ratio of 52.35, a PEG ratio of 1.39 and a beta of 1.14. The stock has a 50 day simple moving average of $178.97 and a two-hundred day simple moving average of $181.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Amazon.com 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.