Cinctive Capital Management LP Invests $13.07 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Cinctive Capital Management LP bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 59,552 shares of the e-commerce giant’s stock, valued at approximately $13,065,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Rench Wealth Management Inc. increased its position in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after buying an additional 3,703 shares during the period. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at about $749,000. Segall Bryant & Hamill LLC lifted its stake in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the period. Finally, Blankinship & Foster LLC grew its holdings in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AMZN shares. Wolfe Research upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $212.00 price target (down from $215.00) on shares of Amazon.com in a report on Friday. Wells Fargo & Company lowered their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. The Goldman Sachs Group cut their price target on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday. Three research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $243.55.

Amazon.com Stock Down 0.1 %

Shares of AMZN stock opened at $189.98 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. 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 firm’s fifty day moving average price is $190.48 and its two-hundred day moving average price is $207.77.

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

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction 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 transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by insiders.

Amazon.com Company 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.