BFI Infinity Ltd. Invests $622,000 in Amazon.com, Inc. (NASDAQ:AMZN)

BFI Infinity Ltd. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,834 shares of the e-commerce giant’s stock, valued at approximately $622,000. Amazon.com comprises 0.7% of BFI Infinity Ltd.’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Heritage Family Offices LLP bought a new position in Amazon.com during the second quarter worth $206,000. Rhumbline Advisers lifted its position in Amazon.com by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 17,737,203 shares of the e-commerce giant’s stock valued at $3,427,714,000 after acquiring an additional 130,996 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of Amazon.com by 4.2% in the second quarter. TIAA Trust National Association now owns 816,632 shares of the e-commerce giant’s stock valued at $157,815,000 after purchasing an additional 33,128 shares during the last quarter. Princeton Capital Management LLC increased its position in shares of Amazon.com by 0.7% during the second quarter. Princeton Capital Management LLC now owns 118,506 shares of the e-commerce giant’s stock valued at $22,901,000 after acquiring an additional 807 shares during the last quarter. Finally, Affiance Financial LLC raised its position in Amazon.com by 0.6% in the second quarter. Affiance Financial LLC now owns 10,750 shares of the e-commerce giant’s stock worth $2,077,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Mizuho lifted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Bank of America raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Benchmark upped their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank lifted their price objective on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $249.46.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $237.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a 50 day simple moving average of $221.62 and a two-hundred day simple moving average of $198.03. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $241.77. The company has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 50.76, a P/E/G ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

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.