Point72 Italy S.r.l. Has $9.36 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Point72 Italy S.r.l. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 304.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,222 shares of the e-commerce giant's stock after buying an additional 37,819 shares during the period. Amazon.com comprises approximately 3.1% of Point72 Italy S.r.l.'s holdings, making the stock its 11th largest holding. Point72 Italy S.r.l.'s holdings in Amazon.com were worth $9,358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% in the second 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 last quarter. Hoese & Co LLP acquired a new stake in Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter valued at $45,000. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com during the third quarter worth $56,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.4 %

Shares of NASDAQ AMZN traded down $3.19 during midday trading on Friday, reaching $218.94. The company's stock had a trading volume of 36,744,101 shares, compared to its average volume of 30,529,361. Amazon.com, Inc. has a fifty-two week low of $149.91 and a fifty-two week high of $233.00. The stock has a 50 day simple moving average of $216.20 and a 200-day simple moving average of $195.42. The stock has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.54 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during 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 company's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. Equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on AMZN shares. Pivotal Research initiated coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price target on the stock. Rosenblatt Securities increased their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Redburn Atlantic upped their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Sanford C. Bernstein lifted their target price on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $243.67.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company'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 value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % 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 over the last ninety days. 10.80% of the stock is currently owned by corporate 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.