Columbus Hill Capital Management L.P. Raises Stock Position in Amazon.com, Inc. $AMZN

Columbus Hill Capital Management L.P. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 42.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 323,511 shares of the e-commerce giant’s stock after purchasing an additional 96,000 shares during the period. Amazon.com makes up approximately 10.2% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its biggest holding. Columbus Hill Capital Management L.P.’s holdings in Amazon.com were worth $70,975,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wilson Asset Management International PTY Ltd. purchased a new position in shares of Amazon.com in the second quarter worth $11,102,000. ARK Investment Management LLC increased its position in shares of Amazon.com by 8.3% in the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after acquiring an additional 86,978 shares during the period. Buckhead Capital Management LLC raised its stake in Amazon.com by 16.1% in the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after acquiring an additional 3,948 shares during the last quarter. Flaharty Asset Management LLC raised its stake in Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd lifted its position in Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after acquiring an additional 63,924 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Cowen restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 25th. JPMorgan Chase & Co. reissued a “buy” rating and set a $305.00 price target on shares of Amazon.com in a research report on Tuesday, December 2nd. Raymond James Financial upped their price objective on shares of Amazon.com from $230.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Telsey Advisory Group increased their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $305.00 target price on shares of Amazon.com in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $295.43.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $231.78 on Thursday. The company has a market capitalization of $2.48 trillion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The company’s fifty day moving average price is $229.06 and its 200 day moving average price is $224.52. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 8,173 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the sale, the director directly owned 80,030 shares in the company, valued at $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,234 shares of company stock worth $19,076,767 over the last quarter. Company insiders own 9.70% of the company’s stock.

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.