Amazon.com, Inc. $AMZN Shares Acquired by Tikehau Investment Management

Tikehau Investment Management grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 23.8% during the second quarter, HoldingsChannel reports. The fund owned 39,000 shares of the e-commerce giant’s stock after purchasing an additional 7,486 shares during the period. Amazon.com accounts for about 13.3% of Tikehau Investment Management’s investment portfolio, making the stock its 2nd biggest holding. Tikehau Investment Management’s holdings in Amazon.com were worth $8,556,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its stake in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares in the last quarter. Nuveen LLC purchased a new position in shares of Amazon.com during the first quarter worth about $11,674,091,000. Goldman Sachs Group Inc. increased its position in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Amazon.com by 15.1% in the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after purchasing an additional 7,267,277 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares in the company, valued at $5,925,398.28. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at $1,360,613.70. This trade represents a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,234 shares of company stock valued at $19,076,767 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 1.4%

Shares of Amazon.com stock opened at $229.11 on Friday. The firm has a market cap of $2.45 trillion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company’s 50-day simple moving average is $228.38 and its 200-day simple moving average is $223.65. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Monness Crespi & Hardt raised their price target on Amazon.com from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Citizens Jmp restated a “market outperform” rating and set a $300.00 target price on shares of Amazon.com in a research report on Wednesday. Wolfe Research upped their price target on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. The Goldman Sachs Group increased their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, Sanford C. Bernstein set a $300.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $296.11.

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.