Discovery Capital Management LLC CT Acquires 78,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Discovery Capital Management LLC CT grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 333,300 shares of the e-commerce giant’s stock after purchasing an additional 78,500 shares during the quarter. Amazon.com accounts for 5.1% of Discovery Capital Management LLC CT’s portfolio, making the stock its 4th largest position. Discovery Capital Management LLC CT’s holdings in Amazon.com were worth $73,123,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% in 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 in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at $27,000. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC lifted its stake in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com in the 4th quarter worth approximately $51,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America decreased their price target on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Raymond James reiterated an “outperform” rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. DA Davidson cut their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Truist Financial decreased their price objective on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $246.50.

Amazon.com Trading Up 3.1 %

NASDAQ AMZN opened at $190.20 on Friday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.02 trillion, a PE ratio of 34.39, a PEG ratio of 1.50 and a beta of 1.39. The stock has a 50 day moving average of $190.94 and a 200-day moving average of $207.76.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the firm earned $0.98 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. 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.