Zurcher Kantonalbank Zurich Cantonalbank Buys 902,371 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,559,589 shares of the e-commerce giant’s stock after purchasing an additional 902,371 shares during the quarter. Amazon.com comprises about 2.7% of Zurcher Kantonalbank Zurich Cantonalbank’s portfolio, making the stock its 5th biggest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amazon.com were worth $692,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. lifted its position in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. FMR LLC boosted its stake in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Northern Trust Corp grew its holdings in Amazon.com by 3.7% during the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Jennison Associates LLC raised its position in shares of Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Amazon.com by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock valued at $5,506,442,301 over the last quarter. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Morgan Stanley raised their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Telsey Advisory Group increased their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Wolfe Research boosted their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $211.07.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ:AMZN opened at $186.21 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $103.31 and a 52-week high of $189.77. The company has a market capitalization of $1.94 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The company has a fifty day moving average of $179.02 and a 200-day moving average of $160.75.

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