Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 572,027 shares of the e-commerce giant’s stock after purchasing an additional 99,156 shares during the period. Amazon.com accounts for about 3.0% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 8th biggest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Amazon.com were worth $107,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Apollon Financial LLC lifted its holdings in shares of Amazon.com by 0.6% during the 3rd quarter. Apollon Financial LLC now owns 67,527 shares of the e-commerce giant’s stock worth $12,582,000 after acquiring an additional 414 shares during the period. WealthPlan Investment Management LLC lifted its position in shares of Amazon.com by 44.2% during the third quarter. WealthPlan Investment Management LLC now owns 68,071 shares of the e-commerce giant’s stock worth $12,684,000 after purchasing an additional 20,881 shares in the last quarter. First National Trust Co boosted its holdings in Amazon.com by 0.5% in the third quarter. First National Trust Co now owns 250,868 shares of the e-commerce giant’s stock valued at $46,744,000 after purchasing an additional 1,269 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Amazon.com by 135.0% in the third quarter. GSA Capital Partners LLP now owns 30,087 shares of the e-commerce giant’s stock valued at $5,606,000 after acquiring an additional 17,285 shares in the last quarter. Finally, Waverton Investment Management Ltd increased its holdings in Amazon.com by 2.8% in the third quarter. Waverton Investment Management Ltd now owns 1,588,715 shares of the e-commerce giant’s stock valued at $296,001,000 after buying an additional 42,934 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Telsey Advisory Group boosted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Loop Capital lifted their price target on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group increased their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Finally, Scotiabank increased their price target on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Amazon.com Stock Up 0.7 %

AMZN stock opened at $224.92 on Monday. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The business has a 50 day moving average of $205.83 and a 200 day moving average of $191.38. The firm has a market cap of $2.37 trillion, a PE ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Amazon.com 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.