Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 231.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,885 shares of the e-commerce giant’s stock after purchasing an additional 45,318 shares during the quarter. Amazon.com comprises 2.9% of TB Alternative Assets Ltd.’s holdings, making the stock its 11th biggest position. TB Alternative Assets Ltd.’s holdings in Amazon.com were worth $12,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AMZN. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter worth $749,000. Segall Bryant & Hamill LLC increased its stake in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $12,014,000. Evergreen Capital Management LLC increased its stake in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after acquiring an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Raymond James Financial reiterated an “outperform” rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Oppenheimer increased their price target on shares of Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday. Scotiabank lowered their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Westpark Capital reissued a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.53.

Amazon.com Price Performance

Amazon.com stock opened at $209.69 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.23 trillion, a P/E ratio of 34.15, a PEG ratio of 1.61 and a beta of 1.33. The company has a 50-day moving average price of $198.41 and a 200 day moving average price of $209.31. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period last year, the business earned $0.98 earnings per share. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.