Banque Transatlantique SA Sells 4,242,566 Shares of Amazon.com, Inc. $AMZN

Banque Transatlantique SA lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 72.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,606,804 shares of the e-commerce giant’s stock after selling 4,242,566 shares during the quarter. Amazon.com comprises 9.8% of Banque Transatlantique SA’s investment portfolio, making the stock its 3rd biggest holding. Banque Transatlantique SA’s holdings in Amazon.com were worth $354,265,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AMZN. Barlow Wealth Partners Inc. lifted its stake in Amazon.com by 0.4% in the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after buying an additional 44 shares during the period. Ridgecrest Wealth Partners LLC grew its position in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares during the period. Probity Advisors Inc. increased its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after acquiring an additional 45 shares in the last quarter. Union Savings Bank lifted its position in shares of Amazon.com by 0.4% during the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after acquiring an additional 45 shares during the period. Finally, Doheny Asset Management CA boosted its stake in Amazon.com by 0.3% during the second quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock worth $3,910,000 after acquiring an additional 45 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.8%

AMZN stock opened at $226.19 on Friday. The firm has a market capitalization of $2.42 trillion, a PE ratio of 31.95, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The stock’s 50 day moving average is $229.35 and its 200-day moving average is $224.73.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same period in the prior year, the firm posted $1.43 EPS. Amazon.com’s quarterly revenue was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMZN shares. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. DZ Bank restated a “buy” rating on shares of Amazon.com in a research note on Friday, October 31st. Oppenheimer reaffirmed an “outperform” rating and set a $305.00 price target (up from $290.00) on shares of Amazon.com in a research note on Monday, December 1st. BNP Paribas began coverage on Amazon.com in a report on Monday, November 24th. They issued an “outperform” rating on the stock. Finally, Maxim Group boosted their price objective on Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.43.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. The trade was a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,234 shares of company stock valued at $19,076,767 over the last 90 days. 9.70% of the stock is currently owned by company 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.