Bayesian Capital Management LP Buys New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Bayesian Capital Management LP bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,500 shares of the e-commerce giant’s stock, valued at approximately $8,666,000. Amazon.com makes up 1.1% of Bayesian Capital Management LP’s investment portfolio, making the stock its 6th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of AMZN. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.2% in the fourth 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 in the last quarter. FMR LLC lifted its position in shares of Amazon.com by 0.5% in the fourth 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Amazon.com by 2.5% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Amazon.com by 2.3% in the fourth 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 in the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com in the fourth quarter valued at about $27,266,582,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This represents a 27.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 118,749 shares of company stock worth $24,197,235 over the last 90 days. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Down 1.0%

Shares of NASDAQ:AMZN opened at $200.99 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.13 trillion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business’s 50 day moving average is $190.05 and its 200 day moving average is $208.80. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during 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%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus reduced their target price on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Truist Financial reduced their target price on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Mizuho reduced their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.