E Fund Management Co. Ltd. has a $7.49 million stake in Amazon.com, Inc. (NASDAQ:AMZN)

E Fund Management Co., according to its latest disclosure to the Securities and Exchange Commission. Ltd. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 17.5% in the fourth quarter . The institutional investor owned 49,290 shares of the e-commerce giant after selling 10,454 shares during the period. Amazon.com accounts for 0.5% of E Fund Management Co.’s portfolio. Ltd., which ranks this company as the 22nd largest in terms of size. At the end of the last reporting period, the value of shares of E Fund Management Co. Ltd. on Amazon.com was $7,489,000.

Other hedge funds and other institutional investors also modified their holdings in the company. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC purchased a new position in shares of Amazon.com during the 4th quarter worth $43,000. Bruce G. Allen Investments LLC bought a new position in shares of Amazon.com during the fourth quarter worth $57,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Amazon.com during the 3rd quarter worth $49,000. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Insiders place their bets

In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock on Thursday, May 9, as part of a transaction. The shares were sold at an average price of USD 190.00, for a total transaction amount of USD 1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares of the company’s stock valued at $19,836,000. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. Currently, 10.80% of the shares are owned by company insiders.

Wall Street analysts predict growth

Several equity research analysts have recently commented on AMZN stock. Moffett Nathanson affirmed a “buy” rating and set a $228.00 price target for shares of Amazon.com in a research report on Thursday, April 11th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. BMO Capital Markets raised their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JMP Securities maintained a market outperform rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Goldman Sachs Group raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One analyst rated the stock with a hold rating, forty-four issued a buy rating and one gave a strong buy rating to the stock. According to MarketBeat.com, the consensus rating for the company’s stock is “Buy” and the average price target is $211.62.

See our latest analysis on AMZN

Amazon.com sales decreased by 0.1%

On Thursday, AMZN opened at $182.02. Amazon.com, Inc. it has a twelve month low of $118.35 and a twelve month high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a fifty-day moving average of $182.37 and a 200-day moving average of $167.05. The market value of the company’s stock is $1.89 trillion, its PE ratio is 50.99, its price-to-earnings-growth ratio is 1.29, and its beta is 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue increased 12.5% ​​year-over-year. During the same period last year, the company reported earnings per share of $0.31. On average, sell-side analysts predict that Amazon.com, Inc. it will record 4.72 EPS for the current year.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

read more

Get daily news and ratings for Amazon.com – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.