GCM Grosvenor Holdings LLC Has $66.01 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

GCM Grosvenor Holdings LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,899 shares of the e-commerce giant’s stock after buying an additional 50,105 shares during the quarter. Amazon.com comprises 9.5% of GCM Grosvenor Holdings LLC’s portfolio, making the stock its 2nd biggest holding. GCM Grosvenor Holdings LLC’s holdings in Amazon.com were worth $66,014,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock worth $9,906,000 after buying an additional 318 shares during the period. RMR Wealth Builders lifted its position in Amazon.com by 2.5% during the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock worth $15,450,000 after acquiring an additional 1,690 shares during the last quarter. Johnson & White Wealth Management LLC boosted its holdings in Amazon.com by 3.1% during the fourth quarter. Johnson & White Wealth Management LLC now owns 8,864 shares of the e-commerce giant’s stock valued at $1,952,000 after acquiring an additional 268 shares during the period. Shira Ridge Wealth Management boosted its holdings in Amazon.com by 8.1% during the fourth quarter. Shira Ridge Wealth Management now owns 3,836 shares of the e-commerce giant’s stock valued at $842,000 after acquiring an additional 286 shares during the period. Finally, Ayrshire Capital Management LLC grew its position in shares of Amazon.com by 3.7% in the fourth quarter. Ayrshire Capital Management LLC now owns 44,282 shares of the e-commerce giant’s stock valued at $9,715,000 after purchasing an additional 1,576 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 1.0%

Shares of NASDAQ AMZN opened at $200.99 on Monday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.35, 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 firm’s 50-day simple moving average is $190.05 and its 200 day simple moving average is $208.80.

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, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president now owns 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. BNP Paribas raised Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Stifel Nicolaus dropped their target price on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Maxim Group upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.