FACT Capital LP Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

FACT Capital LP grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 161.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,473 shares of the e-commerce giant’s stock after acquiring an additional 94,044 shares during the period. Amazon.com accounts for approximately 13.3% of FACT Capital LP’s portfolio, making the stock its largest holding. FACT Capital LP’s holdings in Amazon.com were worth $33,451,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at $27,266,582,000. Capital World Investors raised its holdings in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.2% during 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. Proficio Capital Partners LLC grew its holdings in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were 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 directly owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Benchmark restated a “buy” rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Bank of America dropped their price target on Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Maxim Group increased their price objective on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.09.

Amazon.com Price Performance

NASDAQ:AMZN opened at $200.99 on Monday. 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’s 50-day moving average price is $190.05 and its 200 day moving average price is $208.80. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market cap of $2.13 trillion, a P/E ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.