Candriam S.C.A. Buys 253,352 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Candriam S.C.A. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 20.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,501,076 shares of the e-commerce giant’s stock after buying an additional 253,352 shares during the period. Amazon.com comprises approximately 1.8% of Candriam S.C.A.’s holdings, making the stock its 7th largest holding. Candriam S.C.A.’s holdings in Amazon.com were worth $290,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fortis Capital Advisors LLC grew its position in Amazon.com by 31.9% during the 4th quarter. Fortis Capital Advisors LLC now owns 30,143 shares of the e-commerce giant’s stock worth $4,580,000 after acquiring an additional 7,298 shares during the last quarter. Insight Holdings Group LLC boosted its stake in Amazon.com by 14.0% in the fourth quarter. Insight Holdings Group LLC now owns 369,400 shares of the e-commerce giant’s stock worth $56,127,000 after purchasing an additional 45,400 shares in the last quarter. Act Two Investors LLC increased its stake in shares of Amazon.com by 1.1% in the fourth quarter. Act Two Investors LLC now owns 191,958 shares of the e-commerce giant’s stock valued at $29,166,000 after buying an additional 2,156 shares in the last quarter. Cape Investment Advisory Inc. increased its stake in shares of Amazon.com by 14.3% in the fourth quarter. Cape Investment Advisory Inc. now owns 23,185 shares of the e-commerce giant’s stock valued at $3,523,000 after buying an additional 2,907 shares in the last quarter. Finally, DSM Capital Partners LLC raised its holdings in shares of Amazon.com by 13.2% in the fourth quarter. DSM Capital Partners LLC now owns 3,795,536 shares of the e-commerce giant’s stock valued at $576,694,000 after buying an additional 441,537 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $186.51 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The firm has a fifty day simple moving average of $179.17 and a 200 day simple moving average of $182.95. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.24, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,549,744 shares of company stock valued at $309,400,324 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on AMZN. The Goldman Sachs Group lowered their price objective on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Wolfe Research started coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective on the stock. BMO Capital Markets restated an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a research report on Thursday, September 19th. Finally, TD Cowen raised their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $223.65.

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.