Mediolanum International Funds Ltd Purchases 176,127 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mediolanum International Funds Ltd lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.0% during the third quarter, HoldingsChannel reports. The fund owned 744,936 shares of the e-commerce giant’s stock after acquiring an additional 176,127 shares during the quarter. Amazon.com comprises 1.8% of Mediolanum International Funds Ltd’s holdings, making the stock its 7th biggest position. Mediolanum International Funds Ltd’s holdings in Amazon.com were worth $139,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL boosted its holdings in Amazon.com by 1.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 8,980 shares of the e-commerce giant’s stock worth $1,673,000 after buying an additional 90 shares in the last quarter. Hudock Inc. boosted its holdings in Amazon.com by 2.4% during the third quarter. Hudock Inc. now owns 7,367 shares of the e-commerce giant’s stock worth $1,373,000 after buying an additional 173 shares in the last quarter. Financial Management Network Inc. boosted its holdings in Amazon.com by 2.3% during the third quarter. Financial Management Network Inc. now owns 27,742 shares of the e-commerce giant’s stock worth $5,174,000 after buying an additional 624 shares in the last quarter. Cullinan Associates Inc. boosted its holdings in Amazon.com by 1.9% during the third quarter. Cullinan Associates Inc. now owns 161,384 shares of the e-commerce giant’s stock worth $30,496,000 after buying an additional 3,007 shares in the last quarter. Finally, Warther Private Wealth LLC boosted its holdings in Amazon.com by 128.7% during the third quarter. Warther Private Wealth LLC now owns 100,682 shares of the e-commerce giant’s stock worth $18,760,000 after buying an additional 56,662 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Pivotal Research started coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. UBS Group upped their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Sanford C. Bernstein upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Maxim Group upped their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Telsey Advisory Group upped their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Price Performance

Amazon.com stock opened at $207.89 on Friday. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The firm has a fifty day moving average of $194.78 and a 200-day moving average of $186.94. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 44.52, a PEG ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795 in the last quarter. Company insiders own 10.80% of the company’s stock.

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.