Ionic Capital Management LLC Has $527,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ionic Capital Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 92.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,400 shares of the e-commerce giant’s stock after buying an additional 1,150 shares during the quarter. Ionic Capital Management LLC’s holdings in Amazon.com were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at $25,000. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Finally, Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. The Goldman Sachs Group lowered their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Westpark Capital restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Loop Capital boosted their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley lowered their target price on Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $244.09.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $200.99 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. 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 price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business’s fifty day moving average is $190.16 and its 200-day moving average is $208.75.

Amazon.com (NASDAQ:AMZN) last posted 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 business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.