Zweig DiMenna Associates LLC Acquires 26,700 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Zweig DiMenna Associates LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 316,655 shares of the e-commerce giant’s stock after buying an additional 26,700 shares during the quarter. Amazon.com accounts for about 5.4% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its largest position. Zweig DiMenna Associates LLC’s holdings in Amazon.com were worth $48,113,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC grew its position in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp grew its position in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the 3rd quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMZN shares. Barclays lifted their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. DA Davidson restated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. BMO Capital Markets boosted their price target on shares of Amazon.com from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday. Mizuho boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $203.13.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $179.54 on Wednesday. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.87 trillion, a PE ratio of 61.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17. The firm has a 50-day moving average price of $177.60 and a 200 day moving average price of $157.99.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.