BSN CAPITAL PARTNERS Ltd Buys New Position in Amazon.com, Inc. (NASDAQ:AMZN)

BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, Holdings Channel reports. The firm purchased 1,900,500 shares of the e-commerce giant’s stock, valued at approximately $415,224,000. Amazon.com accounts for approximately 16.6% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 3rd largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its holdings in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares during the period. Heartwood Wealth Advisors LLC increased its stake in Amazon.com by 1.8% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 10,635 shares of the e-commerce giant’s stock worth $1,982,000 after purchasing an additional 190 shares during the period. Greenfield Savings Bank increased its position in shares of Amazon.com by 2.5% in the third quarter. Greenfield Savings Bank now owns 23,692 shares of the e-commerce giant’s stock valued at $4,415,000 after acquiring an additional 578 shares during the period. Verde Servicos Internacionais S.A. purchased a new position in shares of Amazon.com during the third quarter valued at approximately $21,120,000. Finally, Bath Savings Trust Co raised its stake in Amazon.com by 1.1% in the third quarter. Bath Savings Trust Co now owns 91,489 shares of the e-commerce giant’s stock worth $17,047,000 after buying an additional 1,021 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMZN shares. Royal Bank of Canada upped their price target on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Roth Mkm upped their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated 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 owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,649 shares of company stock valued at $23,871,905. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 3.4 %

AMZN stock opened at $205.02 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm’s 50-day moving average is $226.04 and its 200 day moving average is $206.30. The company has a market capitalization of $2.17 trillion, a PE ratio of 37.07, a P/E/G ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.