Freemont Management S.A. Has $10.38 Million Position in Amazon.com, Inc. $AMZN

Freemont Management S.A. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 30.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,300 shares of the e-commerce giant’s stock after buying an additional 11,100 shares during the quarter. Amazon.com accounts for about 1.6% of Freemont Management S.A.’s holdings, making the stock its 20th biggest position. Freemont Management S.A.’s holdings in Amazon.com were worth $10,377,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AMZN. Barlow Wealth Partners Inc. grew 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 purchasing an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC grew its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after buying an additional 45 shares in the last quarter. Probity Advisors Inc. increased its holdings in Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after buying an additional 45 shares during the last quarter. Bare Financial Services Inc increased its holdings in Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after buying an additional 48 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC raised its position in Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. New Street Research boosted their target price on shares of Amazon.com from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Loop Capital lifted their price objective on shares of Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. UBS Group set a $310.00 target price on shares of Amazon.com in a research report on Friday, October 31st. BNP Paribas Exane began coverage on Amazon.com in a report on Monday, November 24th. They set an “outperform” rating on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $305.00 price target (up previously from $290.00) on shares of Amazon.com in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $296.11.

Amazon.com Stock Performance

AMZN opened at $229.11 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $228.38 and its two-hundred day moving average price is $223.65. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director owned 26,148 shares in the company, valued at $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is currently owned by insiders.

Amazon.com Company 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.