Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by JAT Capital Mgmt LP

JAT Capital Mgmt LP boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 775.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,500 shares of the e-commerce giant’s stock after purchasing an additional 77,500 shares during the quarter. Amazon.com makes up approximately 3.0% of JAT Capital Mgmt LP’s holdings, making the stock its 9th largest holding. JAT Capital Mgmt LP’s holdings in Amazon.com were worth $19,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC increased its holdings in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,266,582,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.0%

Shares of Amazon.com stock opened at $204.07 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $189.68 and a 200-day simple moving average of $208.79.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. JMP Securities reiterated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Wells Fargo & Company cut their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Bank of America cut their target price on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Citizens Jmp reduced their price objective on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $244.09.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the transaction, the chief executive officer now directly owns 514,150 shares of the company’s stock, valued at $105,426,457.50. This represents a 0.92% decrease in their position. 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 the 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 transaction, the chief executive officer now directly owns 2,118,886 shares in the company, 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. Over the last ninety days, insiders have sold 80,081 shares of company stock valued at $17,421,044. Company insiders own 9.70% of the company’s stock.

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.