Twenty Acre Capital LP cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,500 shares of the e-commerce giant’s stock after selling 6,300 shares during the quarter. Amazon.com makes up about 5.6% of Twenty Acre Capital LP’s investment portfolio, making the stock its 7th largest position. Twenty Acre Capital LP’s holdings in Amazon.com were worth $4,916,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Kavar Capital Partners Group LLC lifted its stake in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd raised its stake in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp raised its stake in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its stake in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
AMZN has been the subject of a number of recent research reports. Erste Group Bank cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Oppenheimer lifted their target price on Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Cowen lifted their target price on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. New Street Research initiated coverage on Amazon.com in a report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 target price for the company. Finally, Evercore ISI lifted their target price on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.
Insider Buying and Selling
In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,394 shares of company stock worth $6,994,626. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Price Performance
NASDAQ:AMZN opened at $93.92 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $962.42 billion, a P/E ratio of -350.43, a P/E/G ratio of 3.87 and a beta of 1.25. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The business’s 50-day moving average is $95.55 and its 200 day moving average is $103.36.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
See Also
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