BIT Capital GmbH Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

BIT Capital GmbH lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 165.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 299,090 shares of the e-commerce giant's stock after acquiring an additional 186,328 shares during the period. Amazon.com accounts for about 5.2% of BIT Capital GmbH's portfolio, making the stock its 6th biggest holding. BIT Capital GmbH's holdings in Amazon.com were worth $65,617,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Compass Planning Associates Inc bought a new position in Amazon.com during the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $54,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock valued at $63,000 after acquiring an additional 112 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN traded up $5.28 during trading hours on Thursday, hitting $189.70. 13,902,199 shares of the company were exchanged, compared to its average volume of 41,569,011. The firm has a fifty day simple moving average of $191.39 and a 200-day simple moving average of $207.74. The company has a market capitalization of $2.01 trillion, a PE ratio of 34.22, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Telsey Advisory Group lowered their price objective on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wedbush reiterated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Piper Sandler reaffirmed an "overweight" rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Scotiabank cut their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Amazon.com from $275.00 to $248.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $246.50.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock worth $23,341,803. Corporate insiders own 10.80% of the company's stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.