Chiron Capital Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 88.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,996 shares of the e-commerce giant’s stock after acquiring an additional 3,759 shares during the period. Chiron Capital Management LLC’s holdings in Amazon.com were worth $672,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Bridgefront Capital LLC bought a new stake in Amazon.com in the first quarter worth about $228,000. Krane Funds Advisors LLC raised its stake in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $258,000. My Personal CFO LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $191,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.
Insider Activity
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total value of $50,835.00. Following the transaction, the chief executive officer now directly owns 137,300 shares in the company, valued at $13,959,291. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the transaction, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the transaction, the chief executive officer now owns 137,300 shares in the company, valued at $13,959,291. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,193 shares of company stock worth $7,685,143. 12.70% of the stock is currently owned by corporate insiders.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion for 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%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 1.33 EPS for the current year.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Oppenheimer decreased their price target on shares of Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays lifted their price target on shares of Amazon.com from $130.00 to $150.00 in a research note on Friday, February 3rd. Robert W. Baird lifted their price target on shares of Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a research note on Wednesday. Finally, Tigress Financial reissued a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a research note on Thursday, February 9th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.59.
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.
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