Comgest Global Investors S.A.S. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Comgest Global Investors S.A.S. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,176,406 shares of the e-commerce giant’s stock after acquiring an additional 70,274 shares during the quarter. Amazon.com comprises about 3.1% of Comgest Global Investors S.A.S.’s portfolio, making the stock its 12th largest holding. Comgest Global Investors S.A.S.’s holdings in Amazon.com were worth $219,200,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AMZN. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the third quarter valued at $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc lifted its position in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMZN. Redburn Atlantic upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. The Goldman Sachs Group lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.9 %

Shares of NASDAQ AMZN opened at $227.05 on Friday. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The stock’s fifty day simple moving average is $209.04 and its two-hundred day simple moving average is $192.55. The stock has a market capitalization of $2.39 trillion, a PE ratio of 48.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

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