Groupama Asset Managment Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Groupama Asset Managment grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 764,441 shares of the e-commerce giant's stock after purchasing an additional 74,806 shares during the period. Groupama Asset Managment's holdings in Amazon.com were worth $142,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Icon Wealth Advisors LLC raised 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 worth $28,000 after buying an additional 25,581 shares during the last quarter. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP purchased a new position in Amazon.com in the 3rd quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com during the 3rd quarter worth about $45,000. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com during the 3rd quarter valued at about $56,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company's stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Rosenblatt Securities raised their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Wells Fargo & Company increased their price objective on shares of Amazon.com from $197.00 to $212.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, Bank of America upped their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $245.65.

Amazon.com Stock Down 0.3 %

AMZN stock opened at $217.76 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $217.02 and a two-hundred day moving average of $195.74. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00. The company has a market cap of $2.29 trillion, a price-to-earnings ratio of 46.63, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The business's revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.