Amazon.com, Inc. (NASDAQ:AMZN) is Zurich Insurance Group Ltd FI’s 5th Largest Position

Zurich Insurance Group Ltd FI lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,007,871 shares of the e-commerce giant’s stock after selling 714,707 shares during the period. Amazon.com comprises 3.2% of Zurich Insurance Group Ltd FI’s portfolio, making the stock its 5th largest position. Zurich Insurance Group Ltd FI’s holdings in Amazon.com were worth $374,127,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rench Wealth Management Inc. lifted its holdings in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after buying an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after purchasing an additional 16,392 shares during the last quarter. Umpqua Bank lifted its holdings in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares during the last quarter. Washington Trust Advisors Inc. lifted its holdings in shares of Amazon.com by 0.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock worth $41,972,000 after purchasing an additional 982 shares during the last quarter. Finally, Sassicaia Capital Advisers LLC bought a new stake in shares of Amazon.com in the 3rd quarter worth approximately $279,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Jefferies Financial Group raised their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Sanford C. Bernstein raised their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Wedbush raised their price target on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Susquehanna raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $245.33.

Amazon.com Stock Performance

Amazon.com stock opened at $218.46 on Tuesday. The firm’s 50 day simple moving average is $216.66 and its 200-day simple moving average is $195.57. Amazon.com, Inc. has a fifty-two week low of $149.91 and a fifty-two week high of $233.00. The company has a market cap of $2.30 trillion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last ninety days. Corporate 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.