11 Capital Partners LP Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

11 Capital Partners LP raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 251,403 shares of the e-commerce giant’s stock after buying an additional 51,963 shares during the quarter. Amazon.com comprises about 13.1% of 11 Capital Partners LP’s holdings, making the stock its largest position. 11 Capital Partners LP’s holdings in Amazon.com were worth $28,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Bridgefront Capital LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $228,000. Krane Funds Advisors LLC boosted its holdings in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $191,000. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.6 %

AMZN opened at $90.73 on Friday. The firm has a market cap of $929.73 billion, a P/E ratio of -338.53, a P/E/G ratio of 3.80 and a beta of 1.25. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $95.85 and a 200 day moving average of $102.78.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The company’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock worth $6,994,626 over the last 90 days. Company insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMZN. MKM Partners cut their price objective on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, January 18th. Truist Financial dropped their target price on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Barclays increased their target price on Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. Cowen increased their target price on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Finally, UBS Group increased their target price on Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.