Graham Capital Management L.P. Has $21.91 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Graham Capital Management L.P. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 344.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,870 shares of the e-commerce giant’s stock after acquiring an additional 77,420 shares during the quarter. Amazon.com makes up about 0.3% of Graham Capital Management L.P.’s investment portfolio, making the stock its 20th largest position. Graham Capital Management L.P.’s holdings in Amazon.com were worth $21,910,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Graver Capital Management LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $357,000. Greenline Partners LLC increased its holdings in Amazon.com by 12.3% in the fourth quarter. Greenline Partners LLC now owns 50,739 shares of the e-commerce giant’s stock valued at $11,132,000 after purchasing an additional 5,545 shares during the last quarter. Foxhaven Asset Management LP increased its holdings in Amazon.com by 7.5% in the fourth quarter. Foxhaven Asset Management LP now owns 2,132,998 shares of the e-commerce giant’s stock valued at $467,958,000 after purchasing an additional 148,480 shares during the last quarter. Full Sail Capital LLC increased its holdings in Amazon.com by 0.7% in the fourth quarter. Full Sail Capital LLC now owns 39,554 shares of the e-commerce giant’s stock valued at $8,678,000 after purchasing an additional 284 shares during the last quarter. Finally, Fullerton Fund Management Co Ltd. increased its holdings in Amazon.com by 120.6% in the fourth quarter. Fullerton Fund Management Co Ltd. now owns 816,334 shares of the e-commerce giant’s stock valued at $179,096,000 after purchasing an additional 446,202 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.0%

Shares of AMZN opened at $200.99 on Tuesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The business’s fifty day moving average is $190.16 and its 200-day moving average is $208.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market cap of $2.13 trillion, a price-to-earnings 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 (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the company posted $0.98 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 in the last 90 days. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial dropped their price objective on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Telsey Advisory Group restated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Rosenblatt Securities increased their price target on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Evercore ISI lowered their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, Amazon.com 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.