Pelham Capital Ltd. Makes New $11.04 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Pelham Capital Ltd. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,000 shares of the e-commerce giant’s stock, valued at approximately $11,035,000. Amazon.com accounts for 5.8% of Pelham Capital Ltd.’s holdings, making the stock its 6th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Western Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares during the period. Momentous Wealth Management Inc. bought a new position in Amazon.com during the 4th quarter valued at approximately $749,000. Barnes Dennig Private Wealth Management LLC bought a new position in Amazon.com during the 1st quarter valued at approximately $514,000. Segall Bryant & Hamill LLC lifted its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after buying an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $12,014,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $222.19 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $218.92 and its two-hundred day moving average is $209.05. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a market capitalization of $2.37 trillion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048 in the last ninety days. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank Of Canada upped their target price on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Piper Sandler upped their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Mizuho cut their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, HSBC boosted their price target on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $262.45.

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.