Union Bancaire Privee UBP SA Purchases New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Union Bancaire Privee UBP SA purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,431,941 shares of the e-commerce giant’s stock, valued at approximately $301,650,000. Amazon.com comprises about 6.1% of Union Bancaire Privee UBP SA’s holdings, making the stock its 2nd biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB grew its holdings in Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares in the last quarter. Swedbank AB boosted its position in Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after acquiring an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com in the third quarter worth $279,000. Howard Capital Management Group LLC increased its holdings in shares of Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after purchasing an additional 897 shares during the period. Finally, Meridian Management Co. raised its stake in shares of Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after purchasing an additional 7,246 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % 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, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $205.71 on Wednesday. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company’s fifty day moving average is $218.36 and its 200 day moving average is $208.86. 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 issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMZN shares. Benchmark upped their target price on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Sanford C. Bernstein upped their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Robert W. Baird upped their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, 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. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $260.65.

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.