BFI Infinity Ltd. Buys Shares of 2,834 Amazon.com, Inc. (NASDAQ:AMZN)

BFI Infinity Ltd. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,834 shares of the e-commerce giant's stock, valued at approximately $622,000. Amazon.com comprises about 0.7% of BFI Infinity Ltd.'s portfolio, making the stock its 15th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. West Coast Financial LLC boosted its stake in shares of Amazon.com by 3,032.6% in the 4th quarter. West Coast Financial LLC now owns 50,685 shares of the e-commerce giant's stock valued at $11,120,000 after purchasing an additional 49,067 shares during the last quarter. Guardian Financial Partners LLC boosted its stake in Amazon.com by 14.3% during the 4th quarter. Guardian Financial Partners LLC now owns 3,102 shares of the e-commerce giant's stock worth $681,000 after acquiring an additional 387 shares during the last quarter. IFS Advisors LLC boosted its stake in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock worth $76,000 after acquiring an additional 325 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Amazon.com by 14.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 78,781 shares of the e-commerce giant's stock worth $17,284,000 after acquiring an additional 10,222 shares during the last quarter. Finally, Mason & Associates Inc boosted its stake in Amazon.com by 7.5% during the 4th quarter. Mason & Associates Inc now owns 15,047 shares of the e-commerce giant's stock worth $3,301,000 after acquiring an additional 1,044 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Moffett Nathanson lifted their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. DA Davidson reissued a "buy" rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. UBS Group lifted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Scotiabank lifted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Finally, Telsey Advisory Group raised their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two equities research 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 company's stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $249.46.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares of the company's stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Amazon.com stock traded down $2.43 during trading hours on Thursday, reaching $234.64. 31,950,988 shares of the stock were exchanged, compared to its average volume of 32,440,846. The company has a market cap of $2.47 trillion, a P/E ratio of 50.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. 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, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77. The stock has a 50 day moving average of $222.30 and a two-hundred day moving average of $198.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

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.