Banque Cantonale Vaudoise Purchases 22,214 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Banque Cantonale Vaudoise boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 309,372 shares of the e-commerce giant’s stock after buying an additional 22,214 shares during the quarter. Amazon.com makes up approximately 2.2% of Banque Cantonale Vaudoise’s holdings, making the stock its 7th largest holding. Banque Cantonale Vaudoise’s holdings in Amazon.com were worth $55,801,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Sutton Wealth Advisors Inc. lifted its stake in shares of Amazon.com by 8.6% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 8,827 shares of the e-commerce giant’s stock valued at $1,122,000 after purchasing an additional 702 shares during the period. Cumberland Partners Ltd lifted its stake in shares of Amazon.com by 8.6% in the 3rd quarter. Cumberland Partners Ltd now owns 19,351 shares of the e-commerce giant’s stock valued at $2,460,000 after purchasing an additional 1,539 shares during the period. Milestone Investment Advisors LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at $287,000. PGGM Investments lifted its stake in shares of Amazon.com by 126.9% in the 3rd quarter. PGGM Investments now owns 272,549 shares of the e-commerce giant’s stock valued at $34,646,000 after purchasing an additional 152,425 shares during the period. Finally, Torray Investment Partners LLC lifted its stake in shares of Amazon.com by 1.8% in the 3rd quarter. Torray Investment Partners LLC now owns 83,729 shares of the e-commerce giant’s stock valued at $10,644,000 after purchasing an additional 1,442 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 1.6 %

Shares of NASDAQ:AMZN opened at $189.08 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70. The company has a market capitalization of $1.97 trillion, a P/E ratio of 52.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a 50-day simple moving average of $182.78 and a 200 day simple moving average of $171.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

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, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the business posted $0.31 EPS. Amazon.com’s revenue was up 12.5% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Moffett Nathanson restated a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Piper Sandler upped their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $215.37.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock worth $11,894,344 over the last three months. Insiders own 10.80% of the company’s stock.

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.