Generali Asset Management SPA SGR Takes $82.03 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Generali Asset Management SPA SGR bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 373,908 shares of the e-commerce giant's stock, valued at approximately $82,032,000. Amazon.com comprises approximately 2.1% of Generali Asset Management SPA SGR's investment portfolio, making the stock its 7th largest holding.

Several other institutional investors have also recently made changes to their positions in AMZN. Accordant Advisory Group Inc increased its holdings in shares of Amazon.com by 400.0% in the fourth 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 last quarter. Icon Wealth Advisors LLC increased its holdings 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 valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC increased its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Westpark Capital initiated coverage on Amazon.com in a report on Tuesday, April 1st. They issued a "buy" rating and a $280.00 price target for the company. Maxim Group raised their target price on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Jefferies Financial Group cut their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Loop Capital raised their price target on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $248.13.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $11.87 during midday trading on Wednesday, hitting $185.05. 19,698,765 shares of the company's stock were exchanged, compared to its average volume of 41,749,674. The business's fifty day moving average price is $196.07 and its two-hundred day moving average price is $207.85. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 return on equity of 24.25% and a net margin of 9.29%. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last ninety days. 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.