AIA Group Ltd Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

AIA Group Ltd lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,712 shares of the e-commerce giant’s stock after purchasing an additional 23,471 shares during the period. Amazon.com comprises approximately 0.7% of AIA Group Ltd’s portfolio, making the stock its 29th largest position. AIA Group Ltd’s holdings in Amazon.com were worth $17,429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Members Trust Co grew its holdings in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC grew its stake in Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the last quarter. Tompkins Financial Corp increased its position in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the period. Nicholas Company Inc. boosted its holdings in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after acquiring an additional 26,465 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after acquiring an additional 277,631 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Moffett Nathanson reiterated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Piper Sandler boosted their price target on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group upped their price target on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $211.62.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $173.33, for a total transaction of $1,039,780,497.17. Following the sale, the insider now owns 970,255,270 shares in the company, valued at $168,174,345,949.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $173.33, for a total transaction of $1,039,780,497.17. Following the transaction, the insider now directly owns 970,255,270 shares in the company, valued at $168,174,345,949.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 14,300 shares of Amazon.com stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the completion of the sale, the chief executive officer now owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The disclosure for this sale can be found here. In the last three months, insiders sold 26,198,961 shares of company stock worth $4,482,430,577. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.4 %

Shares of NASDAQ:AMZN opened at $188.00 on Thursday. The company has a market capitalization of $1.96 trillion, a P/E ratio of 52.66, a P/E/G ratio of 1.35 and a beta of 1.15. The stock’s fifty day simple moving average is $179.60 and its 200-day simple moving average is $161.63. Amazon.com, Inc. has a 52-week low of $105.16 and a 52-week high of $189.94. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share 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.