62,466 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Duality Advisers LP

Duality Advisers LP purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 62,466 shares of the e-commerce giant’s stock, valued at approximately $5,247,000. Amazon.com comprises approximately 0.6% of Duality Advisers LP’s holdings, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Doliver Advisors LP grew its holdings in shares of Amazon.com by 3.3% during the fourth quarter. Doliver Advisors LP now owns 35,805 shares of the e-commerce giant’s stock worth $3,008,000 after buying an additional 1,145 shares during the last quarter. Integris Wealth Management LLC purchased a new position in shares of Amazon.com during the fourth quarter worth about $312,000. Phraction Management LLC grew its holdings in shares of Amazon.com by 21.2% during the fourth quarter. Phraction Management LLC now owns 125,245 shares of the e-commerce giant’s stock worth $10,521,000 after buying an additional 21,900 shares during the last quarter. TNF LLC grew its holdings in shares of Amazon.com by 9.8% during the fourth quarter. TNF LLC now owns 5,774 shares of the e-commerce giant’s stock worth $590,000 after buying an additional 516 shares during the last quarter. Finally, Rational Advisors LLC grew its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Rational Advisors LLC now owns 29,882 shares of the e-commerce giant’s stock worth $2,510,000 after buying an additional 5,738 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Down 1.6 %

Shares of NASDAQ AMZN opened at $116.25 on Friday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The firm has a fifty day moving average of $103.63 and a 200-day moving average of $97.03. The stock has a market capitalization of $1.19 trillion, a PE ratio of 276.79, a P/E/G ratio of 4.02 and a beta of 1.26. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 1.57 EPS for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the sale, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Brian T. Olsavsky sold 16,760 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $4,667,250. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at $13,959,291. The disclosure for this sale can be found here. Insiders sold 61,019 shares of company stock valued at $6,053,511 in the last ninety days. Company insiders own 12.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wolfe Research raised their price target on Amazon.com from $130.00 to $140.00 in a report on Friday, April 28th. Wells Fargo & Company lowered their price objective on Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. UBS Group lifted their price objective on Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a report on Wednesday, April 12th. Finally, Rosenblatt Securities lifted their price objective on Amazon.com from $106.00 to $111.00 in a report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $143.12.

About Amazon.com

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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.