Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,423 shares of the e-commerce giant’s stock after purchasing an additional 265 shares during the quarter. Amazon.com comprises approximately 0.2% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 26th biggest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Amazon.com were worth $312,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Peak Financial Management Inc. raised its stake in shares of Amazon.com by 15.7% in the 4th quarter. Peak Financial Management Inc. now owns 5,681 shares of the e-commerce giant’s stock valued at $1,246,000 after acquiring an additional 772 shares during the period. TI Trust Inc. raised its stake in shares of Amazon.com by 4.2% in the 4th quarter. TI Trust Inc. now owns 1,813 shares of the e-commerce giant’s stock valued at $398,000 after acquiring an additional 73 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Amazon.com by 3.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 181,727 shares of the e-commerce giant’s stock valued at $39,869,000 after acquiring an additional 5,854 shares during the period. Requisite Capital Management LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $532,000. Finally, 1834 Investment Advisors Co. raised its stake in shares of Amazon.com by 1.3% in the 4th quarter. 1834 Investment Advisors Co. now owns 27,981 shares of the e-commerce giant’s stock valued at $6,139,000 after acquiring an additional 367 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Maxim Group raised their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Roth Mkm lifted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. UBS Group lifted their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Benchmark lifted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Trading Down 0.7 %

Amazon.com stock opened at $228.68 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $228.18 and a two-hundred day moving average price of $201.98. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Sell-side analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,848 shares of company stock worth $11,368,639 in the last three months. 10.80% of the stock is currently owned by insiders.

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.