Bellecapital International Ltd. Purchases 1,876 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bellecapital International Ltd. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 47,006 shares of the e-commerce giant’s stock after acquiring an additional 1,876 shares during the period. Amazon.com accounts for approximately 1.7% of Bellecapital International Ltd.’s holdings, making the stock its 20th largest holding. Bellecapital International Ltd.’s holdings in Amazon.com were worth $8,759,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Swedbank AB purchased a new stake in Amazon.com during the first quarter valued at about $2,239,757,000. Capital World Investors grew its stake in shares of Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after buying an additional 11,524,463 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC boosted its holdings in Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after acquiring an additional 3,903,889 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction 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 $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Down 2.1 %

Shares of NASDAQ AMZN opened at $198.70 on Friday. The company has a market cap of $2.09 trillion, a PE ratio of 42.55, a P/E/G ratio of 1.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm’s 50 day moving average price is $192.79 and its 200-day moving average price is $186.26. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Jefferies Financial Group lifted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wedbush lifted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Pivotal Research started coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price target for the company. Evercore ISI upped their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Scotiabank raised their target price on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $235.77.

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.