Picton Mahoney Asset Management Has $22.12 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Feb 25th, 2023

Picton Mahoney Asset Management grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 81.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,735 shares of the e-commerce giant’s stock after buying an additional 87,765 shares during the quarter. Amazon.com accounts for about 0.8% of Picton Mahoney Asset Management’s portfolio, making the stock its 15th largest holding. Picton Mahoney Asset Management’s holdings in Amazon.com were worth $22,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC raised its position 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 buying an additional 79 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Amazon.com by 21.8% in the 1st 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 in the last quarter. Ironwood Wealth Management LLC. increased its position in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp increased its position in Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC increased its position in Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMZN. Telsey Advisory Group decreased their price target on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, January 24th. Morgan Stanley upped their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Atlantic Securities cut their target price on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Sanford C. Bernstein cut their target price on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Jefferies Financial Group dropped their price objective on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two 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 stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $144.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the transaction, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. Insiders sold a total of 67,394 shares of company stock worth $6,619,426 over the last three months. 12.70% of the stock is owned by insiders.

Amazon.com Trading Down 2.4 %

Shares of Amazon.com stock opened at $93.50 on Friday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The firm has a market cap of $958.12 billion, a PE ratio of -348.87, a PEG ratio of 3.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The company has a 50 day simple moving average of $94.10 and a two-hundred day simple moving average of $106.30.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 1.38 earnings per share for the current fiscal year.

Amazon.com Profile

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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.