Pingora Partners LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Pingora Partners LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,695 shares of the e-commerce giant’s stock after purchasing an additional 430 shares during the period. Amazon.com accounts for approximately 1.1% of Pingora Partners LLC’s investment portfolio, making the stock its 17th biggest position. Pingora Partners LLC’s holdings in Amazon.com were worth $1,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Cheviot Value Management LLC grew its stake in Amazon.com by 1.4% during the 4th quarter. Cheviot Value Management LLC now owns 61,550 shares of the e-commerce giant’s stock valued at $13,503,000 after acquiring an additional 849 shares in the last quarter. Knightsbridge Asset Management LLC lifted its stake in Amazon.com by 0.4% in the 4th quarter. Knightsbridge Asset Management LLC now owns 40,616 shares of the e-commerce giant’s stock worth $8,911,000 after purchasing an additional 146 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Amazon.com by 27.0% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,841,846 shares of the e-commerce giant’s stock worth $404,083,000 after purchasing an additional 391,804 shares during the last quarter. Rothschild Capital Partners LLC grew its position in shares of Amazon.com by 9.3% in the fourth quarter. Rothschild Capital Partners LLC now owns 138,729 shares of the e-commerce giant’s stock valued at $30,436,000 after purchasing an additional 11,850 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in shares of Amazon.com by 193.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,360,335 shares of the e-commerce giant’s stock valued at $1,176,005,000 after purchasing an additional 3,536,276 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,798 shares of company stock worth $17,696,733. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $205.59 on Friday. The firm has a market capitalization of $2.18 trillion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock’s 50 day moving average price is $189.33 and its 200 day moving average price is $208.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the business posted $0.98 EPS. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Raymond James reissued an “outperform” rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Westpark Capital reissued a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Oppenheimer reduced their price target on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

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.