Jericho Financial LLP Has $6.31 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Jericho Financial LLP grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,149 shares of the e-commerce giant’s stock after purchasing an additional 532 shares during the period. Amazon.com comprises about 4.6% of Jericho Financial LLP’s investment portfolio, making the stock its 6th biggest holding. Jericho Financial LLP’s holdings in Amazon.com were worth $6,307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter worth $35,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $40,000. Finally, Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer owned 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares of the company’s stock, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. 9.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus dropped their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Westpark Capital reiterated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Scotiabank lowered their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. Royal Bank Of Canada lowered their target price on Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Finally, Citizens Jmp initiated coverage on Amazon.com in a research report on Thursday. They set a “strong-buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $249.42.

Amazon.com Trading Up 1.2%

AMZN opened at $225.02 on Friday. The firm has a market cap of $2.39 trillion, a P/E ratio of 36.65, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $209.90 and a 200 day moving average of $208.49.

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