BOCHK Asset Management Ltd Buys 25,941 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BOCHK Asset Management Ltd lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 44.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,041 shares of the e-commerce giant’s stock after purchasing an additional 25,941 shares during the period. Amazon.com makes up about 4.7% of BOCHK Asset Management Ltd’s investment portfolio, making the stock its 8th biggest position. BOCHK Asset Management Ltd’s holdings in Amazon.com were worth $15,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AMZN. China Universal Asset Management Co. Ltd. lifted its holdings in Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares during the period. Quent Capital LLC lifted its holdings in Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after buying an additional 1,081 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in Amazon.com by 3.1% in the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 724,946 shares of the e-commerce giant’s stock valued at $130,766,000 after buying an additional 21,847 shares during the period. Value Star Asset Management Hong Kong Ltd lifted its holdings in Amazon.com by 66.7% in the first quarter. Value Star Asset Management Hong Kong Ltd now owns 30,000 shares of the e-commerce giant’s stock valued at $5,411,000 after buying an additional 12,000 shares during the period. Finally, Avantax Advisory Services Inc. lifted its holdings in Amazon.com by 5.7% in the first quarter. Avantax Advisory Services Inc. now owns 403,246 shares of the e-commerce giant’s stock valued at $72,737,000 after buying an additional 21,633 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $205.74 on Thursday. The firm has a 50-day moving average of $194.14 and a 200-day moving average of $186.66. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a market cap of $2.16 trillion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating 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 quarter last year, the firm posted $0.85 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMZN shares. Scotiabank increased their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a report on Wednesday, November 20th. Stifel Nicolaus increased their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Finally, Needham & Company LLC increased their target price on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

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.