Monimus Capital Management LP Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Monimus Capital Management LP acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,788 shares of the e-commerce giant’s stock, valued at approximately $612,000.

A number of other large investors also recently modified their holdings of AMZN. First Financial Group Corp purchased a new stake in Amazon.com in the fourth quarter worth approximately $1,865,000. Harbour Investment Management LLC lifted its holdings in shares of Amazon.com by 2.6% in the 4th quarter. Harbour Investment Management LLC now owns 41,554 shares of the e-commerce giant’s stock worth $9,117,000 after acquiring an additional 1,044 shares during the last quarter. Harrington Investments INC boosted its stake in shares of Amazon.com by 1.0% in the 4th quarter. Harrington Investments INC now owns 28,294 shares of the e-commerce giant’s stock valued at $6,207,000 after purchasing an additional 267 shares in the last quarter. Van Strum & Towne Inc. grew its holdings in shares of Amazon.com by 23.9% during the 4th quarter. Van Strum & Towne Inc. now owns 8,263 shares of the e-commerce giant’s stock valued at $1,813,000 after purchasing an additional 1,595 shares during the last quarter. Finally, Clearstead Trust LLC raised its position in Amazon.com by 5.4% in the 4th quarter. Clearstead Trust LLC now owns 62,533 shares of the e-commerce giant’s stock worth $13,719,000 after purchasing an additional 3,177 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 2.9 %

Amazon.com stock opened at $174.33 on Thursday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 31.52, a PEG ratio of 1.50 and a beta of 1.39. The company’s 50-day moving average price is $200.86 and its two-hundred day moving average price is $208.06. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft cut their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday. Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Jefferies Financial Group decreased their price objective on shares of Amazon.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Citigroup reduced their price target on Amazon.com from $273.00 to $225.00 and set a “buy” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $252.73.

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.