LGT Fund Management Co Ltd. Purchases 41,817 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

LGT Fund Management Co Ltd. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,391 shares of the e-commerce giant's stock after purchasing an additional 41,817 shares during the quarter. Amazon.com makes up approximately 5.0% of LGT Fund Management Co Ltd.'s holdings, making the stock its 2nd biggest position. LGT Fund Management Co Ltd.'s holdings in Amazon.com were worth $57,347,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rench Wealth Management Inc. grew its holdings in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after buying an additional 3,703 shares in the last quarter. Blankinship & Foster LLC boosted its position in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after acquiring an additional 4,740 shares during the last quarter. Umpqua Bank grew its holdings in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after purchasing an additional 137 shares in the last quarter. One Wealth Capital Management LLC bought a new stake in Amazon.com in the fourth quarter worth $4,270,000. Finally, Floyd Financial Group LLC purchased a new stake in Amazon.com during the fourth quarter valued at $4,494,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 4.2 %

Shares of AMZN traded down $7.41 during mid-day trading on Friday, hitting $171.00. 121,066,781 shares of the company traded hands, compared to its average volume of 40,644,703. The business has a 50 day moving average of $213.46 and a 200 day moving average of $209.01. The company has a market capitalization of $1.81 trillion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results 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 net margin of 9.29% and a return on equity of 24.25%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson lifted their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their price target on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Westpark Capital initiated coverage on Amazon.com in a research report on Tuesday. They set a "buy" rating and a $280.00 price objective on the stock. Scotiabank lifted their target price on Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. Finally, Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $260.53.

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.