Soros Fund Management LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Soros Fund Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 332,201 shares of the e-commerce giant’s stock after buying an additional 51,991 shares during the quarter. Amazon.com comprises approximately 1.1% of Soros Fund Management LLC’s portfolio, making the stock its 22nd largest position. Soros Fund Management LLC’s holdings in Amazon.com were worth $72,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. TOMS Capital Investment Management LP acquired a new position in shares of Amazon.com during the fourth quarter worth $82,052,000. Owen LaRue LLC boosted its stake in shares of Amazon.com by 25.9% during the fourth quarter. Owen LaRue LLC now owns 20,382 shares of the e-commerce giant’s stock worth $4,472,000 after buying an additional 4,194 shares during the period. Harvard Management Co. Inc. purchased a new position in Amazon.com during the fourth quarter worth about $14,809,000. AQR Capital Management LLC increased its holdings in Amazon.com by 8.2% in the fourth quarter. AQR Capital Management LLC now owns 5,384,405 shares of the e-commerce giant’s stock valued at $1,181,285,000 after buying an additional 405,767 shares in the last quarter. Finally, Schwallier Wealth Management LLC purchased a new position in Amazon.com in the fourth quarter valued at about $266,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $206.16 on Tuesday. The company has a fifty day moving average price of $189.48 and a 200 day moving average price of $208.82. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year 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 firm has a market cap of $2.19 trillion, a PE ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMZN shares. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Citizens Jmp dropped their price target on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Piper Sandler reissued an “overweight” rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Bank of America lowered their price objective on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Loop Capital increased their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $244.09.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,081 shares of company stock valued at $17,421,044. 9.70% of the stock is currently owned by company insiders.

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.