2,834 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by BFI Infinity Ltd.

BFI Infinity Ltd. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,834 shares of the e-commerce giant’s stock, valued at approximately $622,000. Amazon.com accounts for 0.7% of BFI Infinity Ltd.’s investment portfolio, making the stock its 15th biggest holding.

Several other large investors have also recently made changes to their positions in AMZN. Heritage Family Offices LLP bought a new stake in shares of Amazon.com in the 2nd quarter worth about $206,000. Rhumbline Advisers lifted its holdings in shares of Amazon.com by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 17,737,203 shares of the e-commerce giant’s stock worth $3,427,714,000 after acquiring an additional 130,996 shares during the last quarter. TIAA Trust National Association grew its holdings in Amazon.com by 4.2% during the 2nd quarter. TIAA Trust National Association now owns 816,632 shares of the e-commerce giant’s stock valued at $157,815,000 after purchasing an additional 33,128 shares during the last quarter. Princeton Capital Management LLC lifted its stake in Amazon.com by 0.7% in the second quarter. Princeton Capital Management LLC now owns 118,506 shares of the e-commerce giant’s stock worth $22,901,000 after purchasing an additional 807 shares during the last quarter. Finally, Affiance Financial LLC boosted its position in shares of Amazon.com by 0.6% during the second quarter. Affiance Financial LLC now owns 10,750 shares of the e-commerce giant’s stock valued at $2,077,000 after buying an additional 60 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $237.07 on Thursday. The stock has a market cap of $2.49 trillion, a P/E ratio of 50.76, a P/E/G ratio of 1.31 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. The firm has a fifty day moving average price of $221.62 and a 200 day moving average price of $198.03. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $241.77.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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 return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $280.00 target price (up from $260.00) on shares of Amazon.com in a research report on Monday. Scotiabank boosted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Redburn Atlantic raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a report on Wednesday, January 22nd. Finally, Mizuho raised their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.46.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. 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 90 days. Corporate insiders own 10.80% of the company’s stock.

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.