Soros Fund Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 54.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 901,482 shares of the e-commerce giant’s stock after selling 1,079,679 shares during the period. Amazon.com comprises 1.0% of Soros Fund Management LLC’s portfolio, making the stock its 29th biggest position. Soros Fund Management LLC’s holdings in Amazon.com were worth $75,724,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of AMZN. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. St. James Investment Advisors LLC grew its stake in shares of Amazon.com by 97.7% during the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Retirement Financial Solutions LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $32,000. Laurel Wealth Planning LLC grew its stake in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 57.64% of the company’s stock.
Amazon.com Stock Up 2.5 %
Amazon.com stock opened at $126.57 on Tuesday. The firm has a market capitalization of $1.30 trillion, a PE ratio of 301.36, a P/E/G ratio of 2.40 and a beta of 1.26. The company’s 50-day moving average is $110.81 and its 200-day moving average is $100.14. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69.
Analysts Set New Price Targets
A number of equities analysts have issued reports on AMZN shares. Piper Sandler raised their price objective on shares of Amazon.com from $130.00 to $150.00 in a research note on Wednesday, June 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a research note on Wednesday, April 19th. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Robert W. Baird raised their price objective on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Finally, Moffett Nathanson reduced their price objective on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research note on Monday, April 24th. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.28.
Insider Transactions at Amazon.com
In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the sale, the chief executive officer now owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The disclosure for this sale can be found here. Insiders have sold 75,644 shares of company stock worth $8,576,262 in the last ninety days. Insiders own 12.70% of the company’s stock.
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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