Amazon.com, Inc. (NASDAQ:AMZN) is Mediolanum International Funds Ltd's 4th Largest Position

Mediolanum International Funds Ltd raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 36.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,018,962 shares of the e-commerce giant's stock after purchasing an additional 274,026 shares during the period. Amazon.com accounts for approximately 2.9% of Mediolanum International Funds Ltd's investment portfolio, making the stock its 4th biggest position. Mediolanum International Funds Ltd's holdings in Amazon.com were worth $224,942,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. MBM Wealth Consultants LLC boosted its stake in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. Semus Wealth Partners LLC raised its holdings in Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after buying an additional 49 shares during the last quarter. Bell Investment Advisors Inc boosted its position in Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock worth $626,000 after buying an additional 51 shares during the period. Eaton Cambridge Inc. grew its holdings in Amazon.com by 1.1% during the 4th quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant's stock worth $994,000 after acquiring an additional 51 shares during the last quarter. Finally, Proathlete Wealth Management LLC increased its position in Amazon.com by 0.4% in the 4th quarter. Proathlete Wealth Management LLC now owns 12,853 shares of the e-commerce giant's stock valued at $2,820,000 after acquiring an additional 51 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. HSBC lifted their target price on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Wedbush reissued an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. DA Davidson lifted their price objective on Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Raymond James increased their target price on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $260.74.

Amazon.com Stock Performance

Shares of AMZN stock traded down $6.30 during trading on Friday, hitting $216.58. The company's stock had a trading volume of 55,147,843 shares, compared to its average volume of 35,392,852. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.30 trillion, a PE ratio of 39.16, a P/E/G ratio of 1.57 and a beta of 1.15. The business has a fifty day moving average of $228.10 and a 200-day moving average of $203.58. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company's stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.