Amazon.com, Inc. (NASDAQ:AMZN) is Richelieu Gestion SA’s 2nd Largest Position

Richelieu Gestion SA lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,293 shares of the e-commerce giant’s stock after selling 4,191 shares during the quarter. Amazon.com comprises about 5.2% of Richelieu Gestion SA’s portfolio, making the stock its 2nd largest position. Richelieu Gestion SA’s holdings in Amazon.com were worth $5,103,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the period. Strid Group LLC bought a new position in Amazon.com in the 4th quarter worth about $43,000. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $46,000. Finally, Steph & Co. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $65,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays raised their price target on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group upped their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Citigroup lifted their price target on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $215.86.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock valued at $11,894,344 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 2.3 %

Shares of AMZN stock opened at $193.25 on Friday. The company has a market cap of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. The stock has a 50 day simple moving average of $183.87 and a 200-day simple moving average of $173.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $199.84.

Amazon.com (NASDAQ:AMZN) last announced 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. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

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.