Amazon.com, Inc. (NASDAQ:AMZN) is Pictet North America Advisors SA’s 7th Largest Position

Pictet North America Advisors SA boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,492 shares of the e-commerce giant’s stock after buying an additional 1,069 shares during the quarter. Amazon.com makes up 2.9% of Pictet North America Advisors SA’s investment portfolio, making the stock its 7th largest holding. Pictet North America Advisors SA’s holdings in Amazon.com were worth $29,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Symphony Financial Ltd. Co. boosted its stake in Amazon.com by 8.9% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 78,424 shares of the e-commerce giant’s stock worth $14,687,000 after purchasing an additional 6,426 shares during the period. Waldron Private Wealth LLC raised its holdings in shares of Amazon.com by 2.7% during the 3rd quarter. Waldron Private Wealth LLC now owns 92,803 shares of the e-commerce giant’s stock valued at $17,292,000 after buying an additional 2,480 shares in the last quarter. Pegasus Asset Management Inc. raised its holdings in shares of Amazon.com by 1.2% during the 3rd quarter. Pegasus Asset Management Inc. now owns 37,036 shares of the e-commerce giant’s stock valued at $6,901,000 after buying an additional 447 shares in the last quarter. Eastern Bank grew its position in shares of Amazon.com by 124.8% in the 3rd quarter. Eastern Bank now owns 747,392 shares of the e-commerce giant’s stock worth $139,262,000 after buying an additional 414,955 shares during the last quarter. Finally, Xcel Wealth Management LLC boosted its position in shares of Amazon.com by 8.7% during the third quarter. Xcel Wealth Management LLC now owns 126,927 shares of the e-commerce giant’s stock valued at $23,650,000 after purchasing an additional 10,184 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMZN. Susquehanna lifted their price target on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Pivotal Research initiated coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Royal Bank of Canada boosted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.77.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’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 sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.6 %

Shares of NASDAQ AMZN opened at $197.12 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.07 trillion, a P/E ratio of 42.21, a PEG ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The firm has a 50-day simple moving average of $193.00 and a two-hundred day simple moving average of $186.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current 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.