Zenyatta Capital Management LP Has $4.56 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Zenyatta Capital Management LP decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 45.5% in the 4th quarter, HoldingsChannel reports. The fund owned 30,000 shares of the e-commerce giant’s stock after selling 25,000 shares during the period. Amazon.com makes up about 1.8% of Zenyatta Capital Management LP’s investment portfolio, making the stock its 17th biggest holding. Zenyatta Capital Management LP’s holdings in Amazon.com were worth $4,558,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $49,000. Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $57,000. Finally, AM Squared Ltd bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Truist Financial increased their price target on Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Telsey Advisory Group restated an “outperform” rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, March 27th. TD Cowen increased their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus increased their price target on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $204.76.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $176.59 on Thursday. The company has a market capitalization of $1.83 trillion, a PE ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $177.71 and its 200 day simple moving average is $158.12.

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

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by company insiders.

Amazon.com 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.