Voleon Capital Management LP Invests $54.89 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Voleon Capital Management LP purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 250,206 shares of the e-commerce giant’s stock, valued at approximately $54,893,000. Amazon.com makes up approximately 4.1% of Voleon Capital Management LP’s holdings, making the stock its 5th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Regent Peak Wealth Advisors LLC boosted its position in Amazon.com by 0.7% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock valued at $9,906,000 after purchasing an additional 318 shares in the last quarter. Weaver Consulting Group boosted its position in Amazon.com by 16.8% during the fourth quarter. Weaver Consulting Group now owns 14,152 shares of the e-commerce giant’s stock valued at $3,105,000 after purchasing an additional 2,035 shares in the last quarter. Worth Asset Management LLC boosted its position in Amazon.com by 2.1% during the fourth quarter. Worth Asset Management LLC now owns 3,638 shares of the e-commerce giant’s stock valued at $798,000 after purchasing an additional 76 shares in the last quarter. Hilltop Wealth Advisors LLC boosted its position in Amazon.com by 12.4% during the fourth quarter. Hilltop Wealth Advisors LLC now owns 1,483 shares of the e-commerce giant’s stock valued at $325,000 after purchasing an additional 164 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in Amazon.com by 0.7% during the fourth quarter. Fulton Bank N.A. now owns 141,604 shares of the e-commerce giant’s stock valued at $31,066,000 after purchasing an additional 924 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,081 shares of company stock worth $17,421,044. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 1.0%

Shares of AMZN stock opened at $204.07 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.17 trillion, a price-to-earnings ratio of 36.90, a PEG ratio of 1.50 and a beta of 1.30. The stock has a 50 day simple moving average of $189.68 and a 200-day simple moving average of $208.79. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Piper Sandler reissued an “overweight” rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Wedbush reissued an “outperform” rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Finally, StockNews.com downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average 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.