Mediolanum International Funds Ltd Buys 176,127 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mediolanum International Funds Ltd boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 744,936 shares of the e-commerce giant’s stock after purchasing an additional 176,127 shares during the period. Amazon.com makes up approximately 1.8% of Mediolanum International Funds Ltd’s portfolio, making the stock its 7th biggest holding. Mediolanum International Funds Ltd’s holdings in Amazon.com were worth $139,794,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the 3rd quarter worth about $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the 3rd quarter worth about $45,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com during the 3rd quarter worth about $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $207.89 on Friday. The company’s fifty day moving average price is $194.78 and its 200 day moving average price is $186.94. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 44.52, a P/E/G ratio of 1.38 and a beta of 1.14.

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, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the business earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMZN shares. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Susquehanna raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Robert W. Baird raised their price target on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Telsey Advisory Group raised their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Benchmark raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Company 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.