Soros Capital Management LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Soros Capital Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 55.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 164,718 shares of the e-commerce giant’s stock after buying an additional 58,445 shares during the quarter. Amazon.com makes up about 5.7% of Soros Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Soros Capital Management LLC’s holdings in Amazon.com were worth $36,137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC grew its holdings in Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after acquiring an additional 897 shares during the period. Principal Financial Group Inc. increased its stake in Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock worth $3,757,589,000 after purchasing an additional 984,570 shares in the last quarter. Arete Wealth Advisors LLC purchased a new position in Amazon.com during the 3rd quarter valued at about $14,648,000. Geode Capital Management LLC grew its stake in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares in the last quarter. Finally, JDM Financial Group LLC lifted its holdings in shares of Amazon.com by 5.0% during the 3rd quarter. JDM Financial Group LLC now owns 2,224 shares of the e-commerce giant’s stock valued at $414,000 after buying an additional 106 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated 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 transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,798 shares of company stock valued at $17,696,733 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 2.4%

Shares of NASDAQ AMZN opened at $205.17 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business’s 50 day moving average price is $189.15 and its 200-day moving average price is $208.40. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.10, a PEG ratio of 1.50 and a beta of 1.30.

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

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Evercore ISI reduced their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group lowered their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. JMP Securities restated a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.09.

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.