EVR Research LP Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Mar 16th, 2023

EVR Research LP purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 41,500 shares of the e-commerce giant’s stock, valued at approximately $4,690,000. Amazon.com makes up 1.4% of EVR Research LP’s investment portfolio, making the stock its 22nd biggest holding.

Several other hedge funds also recently made changes to their positions in AMZN. Bridgefront Capital LLC purchased a new position in Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC grew its position in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new position in Amazon.com during the first quarter worth about $258,000. My Personal CFO LLC purchased a new position in Amazon.com during the first quarter worth about $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com during the first quarter worth about $191,000. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $96.20 on Thursday. The business’s fifty day moving average price is $96.42 and its 200-day moving average price is $101.95. The stock has a market capitalization of $985.79 billion, a price-to-earnings ratio of -356.30, a PEG ratio of 3.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced 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). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same period in the prior year, the business posted $1.39 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Cowen boosted their target price on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. New Street Research started coverage on Amazon.com in a research report on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price for the company. Wells Fargo & Company cut their price objective on Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. MKM Partners cut their price objective on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, January 18th. Finally, Telsey Advisory Group cut their price objective on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, January 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is owned by company insiders.

About Amazon.com

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.