Tenere Capital LLC Purchases New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Tenere Capital LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 100,700 shares of the e-commerce giant’s stock, valued at approximately $22,093,000. Amazon.com comprises 5.9% of Tenere Capital LLC’s portfolio, making the stock its 5th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC increased its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $205.59 on Friday. The company has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. 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 52-week low of $151.61 and a 52-week high of $242.52. The company has a fifty day moving average of $189.33 and a 200-day moving average of $208.61.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,798 shares of company stock valued at $17,696,733 over the last 90 days. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AMZN shares. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Jefferies Financial Group reduced their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. JMP Securities reissued a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Wells Fargo & Company reduced their price objective 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. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.