GCQ FUNDS MANAGEMENT PTY Ltd Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

GCQ FUNDS MANAGEMENT PTY Ltd purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 221,732 shares of the e-commerce giant's stock, valued at approximately $48,646,000. Amazon.com makes up approximately 17.1% of GCQ FUNDS MANAGEMENT PTY Ltd's holdings, making the stock its 2nd largest position.

Several other large investors have also modified their holdings of the stock. Accordant Advisory Group Inc boosted its position in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the period. Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at $54,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $8.71 during midday trading on Wednesday, reaching $181.89. The company's stock had a trading volume of 44,124,226 shares, compared to its average volume of 41,840,833. The business's fifty day simple moving average is $196.07 and its 200-day simple moving average is $207.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market capitalization of $1.93 trillion, a P/E ratio of 32.89, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. This represents a 22.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. Morgan Stanley decreased their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Piper Sandler reaffirmed an "overweight" rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Scotiabank lowered their price target on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday. Finally, Rosenblatt Securities increased their price objective on Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $247.56.

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.