Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by River Global Investors LLP

River Global Investors LLP increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,395 shares of the e-commerce giant's stock after buying an additional 2,491 shares during the period. Amazon.com comprises about 3.5% of River Global Investors LLP's holdings, making the stock its 5th biggest position. River Global Investors LLP's holdings in Amazon.com were worth $16,097,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in Amazon.com in the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the 3rd quarter valued at $45,000. Values First Advisors Inc. purchased a new stake in shares of Amazon.com during the third quarter worth $56,000. Finally, Christopher J. Hasenberg Inc boosted its holdings in shares of 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 acquiring an additional 260 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock worth $1,253,883,872 over the last 90 days. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Pivotal Research assumed coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a "buy" rating and a $260.00 price target on the stock. UBS Group boosted their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research report on Monday, December 16th. JMP Securities reiterated a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Monday, December 16th. Finally, Stifel Nicolaus boosted their target price on Amazon.com from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.00.

Amazon.com Trading Up 0.7 %

Shares of AMZN stock traded up $1.63 during trading hours on Friday, reaching $224.92. The company's stock had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. 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 stock has a market capitalization of $2.37 trillion, a P/E ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. The firm's fifty day simple moving average is $205.83 and its 200 day simple moving average is $191.38. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00.

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