BNP Paribas Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

BNP Paribas grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 456,471 shares of the e-commerce giant’s stock after acquiring an additional 44,090 shares during the period. Amazon.com comprises 3.5% of BNP Paribas’ holdings, making the stock its 6th largest holding. BNP Paribas’ holdings in Amazon.com were worth $85,335,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMZN. WorthPointe LLC grew its position in shares of Amazon.com by 7.1% during the 3rd quarter. WorthPointe LLC now owns 3,640 shares of the e-commerce giant’s stock worth $678,000 after buying an additional 241 shares during the period. Soros Capital Management LLC raised its holdings in shares of Amazon.com by 362.4% in the third quarter. Soros Capital Management LLC now owns 106,273 shares of the e-commerce giant’s stock valued at $19,802,000 after purchasing an additional 83,291 shares during the last quarter. Insight Wealth Partners LLC boosted its stake in shares of Amazon.com by 12.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 11,111 shares of the e-commerce giant’s stock worth $2,070,000 after buying an additional 1,226 shares during the last quarter. Hardy Reed LLC increased its position in shares of Amazon.com by 0.7% during the third quarter. Hardy Reed LLC now owns 31,781 shares of the e-commerce giant’s stock valued at $5,922,000 after acquiring an additional 235 shares during the last quarter. Finally, Baldwin Investment Management LLC lifted its holdings in Amazon.com by 15.5% during the third quarter. Baldwin Investment Management LLC now owns 42,135 shares of the e-commerce giant’s stock worth $7,851,000 after acquiring an additional 5,650 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMZN. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Oppenheimer increased their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Telsey Advisory Group boosted their price objective 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. Wolfe Research lifted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Sanford C. Bernstein upped their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $243.67.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $227.61 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $146.15 and a fifty-two week high of $233.00. The firm’s 50-day simple moving average is $213.85 and its two-hundred day simple moving average is $194.50. The stock has a market cap of $2.39 trillion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

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 the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for 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%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. Analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.