Slow Capital Inc. Has $23.75 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Slow Capital Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,471 shares of the e-commerce giant’s stock after buying an additional 1,332 shares during the quarter. Amazon.com makes up approximately 3.6% of Slow Capital Inc.’s holdings, making the stock its 4th largest holding. Slow Capital Inc.’s holdings in Amazon.com were worth $23,752,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. 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 raised its position in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after acquiring an additional 1,081 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Amazon.com by 5.8% in the 1st quarter. Salomon & Ludwin LLC now owns 16,563 shares of the e-commerce giant’s stock valued at $2,988,000 after purchasing an additional 901 shares during the period. Smart Money Group LLC boosted its position in shares of Amazon.com by 28.6% in the 1st quarter. Smart Money Group LLC now owns 5,754 shares of the e-commerce giant’s stock worth $1,007,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Paradigm Strategies in Wealth Management LLC grew its stake in shares of Amazon.com by 19.9% during the first quarter. Paradigm Strategies in Wealth Management LLC now owns 3,173 shares of the e-commerce giant’s stock worth $572,000 after purchasing an additional 527 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 1.4 %

Shares of Amazon.com stock opened at $204.61 on Wednesday. The stock has a market cap of $2.15 trillion, a P/E ratio of 43.81, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $141.50 and a 12-month high of $215.90. The business’s 50 day moving average is $192.19 and its 200-day moving average is $186.06.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank of Canada increased their target price on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Susquehanna increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Piper Sandler boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Maxim Group upped their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Robert W. Baird lifted their price target on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $235.45.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. Insiders own 10.80% of the company’s stock.

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.