BSN CAPITAL PARTNERS Ltd Invests $415.22 Million in Amazon.com, Inc. (NASDAQ:AMZN)

BSN CAPITAL PARTNERS Ltd acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,900,500 shares of the e-commerce giant’s stock, valued at approximately $415,224,000. Amazon.com makes up approximately 16.6% of BSN CAPITAL PARTNERS Ltd’s holdings, making the stock its 3rd largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB increased its position in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after acquiring an additional 811,425 shares during the last quarter. Heartwood Wealth Advisors LLC increased its holdings in shares of Amazon.com by 1.8% in the third quarter. Heartwood Wealth Advisors LLC now owns 10,635 shares of the e-commerce giant’s stock valued at $1,982,000 after purchasing an additional 190 shares during the last quarter. Greenfield Savings Bank raised its position in shares of Amazon.com by 2.5% in the third quarter. Greenfield Savings Bank now owns 23,692 shares of the e-commerce giant’s stock valued at $4,415,000 after purchasing an additional 578 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in shares of Amazon.com during the 3rd quarter worth about $21,120,000. Finally, Bath Savings Trust Co boosted its holdings in shares of Amazon.com by 1.1% during the 3rd quarter. Bath Savings Trust Co now owns 91,489 shares of the e-commerce giant’s stock worth $17,047,000 after buying an additional 1,021 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wolfe Research increased their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Mizuho increased their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Raymond James lifted their price objective on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Down 3.4 %

AMZN stock opened at $205.02 on Tuesday. The stock’s 50 day moving average is $226.04 and its 200-day moving average is $206.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.17 trillion, a PE ratio of 37.07, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,649 shares of company stock worth $23,871,905. Insiders own 10.80% of the company’s stock.

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.