Napatree Capital LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Napatree Capital LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,669 shares of the e-commerce giant’s stock after purchasing an additional 1,860 shares during the quarter. Amazon.com accounts for 1.2% of Napatree Capital LLC’s holdings, making the stock its 19th biggest holding. Napatree Capital LLC’s holdings in Amazon.com were worth $2,121,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC raised its position in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the period. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Compass Planning Associates Inc purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 4.4 %

Shares of Amazon.com stock opened at $180.84 on Thursday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 32.70, a PEG ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $195.11 and a two-hundred day moving average price of $207.66.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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%. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMZN. JPMorgan Chase & Co. decreased their price target on Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Cantor Fitzgerald decreased their target price on Amazon.com from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Telsey Advisory Group cut their price target on shares of Amazon.com from $275.00 to $235.00 and set an “outperform” rating on the stock in a report on Wednesday. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, HSBC boosted their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $247.56.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in 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.