Amazon.com, Inc. (AMZN) Position Boosted by Pictet North America Advisors SA

Pictet North America Advisors SA increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,079 shares of the e-commerce giant’s stock after acquiring an additional 272 shares during the period. Pictet North America Advisors SA’s holdings in Amazon.com were worth $6,127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Discovery Value Fund purchased a new stake in Amazon.com during the 4th quarter valued at $100,247,000. NF Trinity Capital Hong Kong Ltd raised its stake in Amazon.com by 13.6% during the 4th quarter. NF Trinity Capital Hong Kong Ltd now owns 8,745 shares of the e-commerce giant’s stock valued at $13,135,000 after buying an additional 1,045 shares during the last quarter. Miles Capital Inc. raised its stake in Amazon.com by 1.0% during the 4th quarter. Miles Capital Inc. now owns 777 shares of the e-commerce giant’s stock valued at $1,167,000 after buying an additional 8 shares during the last quarter. Sonata Capital Group Inc. raised its stake in Amazon.com by 12.5% during the 4th quarter. Sonata Capital Group Inc. now owns 2,565 shares of the e-commerce giant’s stock valued at $3,853,000 after buying an additional 284 shares during the last quarter. Finally, Regentatlantic Capital LLC raised its stake in Amazon.com by 7.3% during the 4th quarter. Regentatlantic Capital LLC now owns 1,858 shares of the e-commerce giant’s stock valued at $2,791,000 after buying an additional 126 shares during the last quarter. Institutional investors own 55.33% of the company’s stock.

In other Amazon.com news, Director Indra K. Nooyi sold 58 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $1,701.56, for a total transaction of $98,690.48. Following the completion of the transaction, the director now owns 150 shares of the company’s stock, valued at approximately $255,234. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $19,344,200. The disclosure for this sale can be found here. Insiders sold a total of 12,990 shares of company stock valued at $24,295,428 in the last ninety days. 16.10% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Oppenheimer upped their price objective on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. CIBC upped their price objective on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Credit Suisse Group restated an “outperform” rating and issued a $2,200.00 price objective (up from $2,100.00) on shares of Amazon.com in a research note on Friday, April 26th. Finally, UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $2,181.89.

Shares of Amazon.com stock opened at $1,859.68 on Thursday. The firm has a market capitalization of $914.52 billion, a P/E ratio of 92.34, a PEG ratio of 2.11 and a beta of 1.62. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping the consensus estimate of $4.61 by $2.48. The company had revenue of $59.70 billion during the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. Amazon.com’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.27 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 26.59 EPS for the current year.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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