Ratan Capital Management LP lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 85.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,000 shares of the e-commerce giant’s stock after acquiring an additional 64,700 shares during the quarter. Amazon.com makes up 8.2% of Ratan Capital Management LP’s holdings, making the stock its 2nd biggest holding. Ratan Capital Management LP’s holdings in Amazon.com were worth $11,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the stock. McElhenny Sheffield Capital Management LLC bought a new stake in Amazon.com in the fourth quarter worth approximately $27,000. St. James Investment Advisors LLC increased its holdings in Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after purchasing an additional 170 shares in the last quarter. Retirement Financial Solutions LLC bought a new stake in Amazon.com in the fourth quarter worth approximately $32,000. Laurel Wealth Planning LLC increased its holdings in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com in the first quarter worth approximately $38,000. 57.64% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the completion of the transaction, the chief executive officer now directly owns 152,780 shares in the company, valued at $19,291,530.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total value of $63,135.00. Following the completion of the transaction, the chief executive officer now directly owns 152,780 shares in the company, valued at approximately $19,291,530.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $102.25, for a total value of $409,000.00. Following the completion of the transaction, the chief executive officer now owns 556,298 shares of the company’s stock, valued at $56,881,470.50. The disclosure for this sale can be found here. Insiders sold a total of 75,644 shares of company stock worth $8,576,262 over the last ninety days. 12.70% of the stock is owned by corporate insiders.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same period in the previous year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 1.56 EPS for the current year.
Analysts Set New Price Targets
AMZN has been the subject of a number of research reports. Credit Suisse Group reduced their price objective on Amazon.com from $150.00 to $140.00 in a research note on Tuesday, April 25th. Truist Financial raised their price objective on Amazon.com from $142.00 to $144.00 in a research note on Wednesday, April 12th. Robert W. Baird raised their price objective on Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Piper Jaffray Companies raised their price objective on Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. Finally, Evercore ISI reduced their price objective on Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.28.
Amazon.com Company Profile
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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