Arrow Capital Pty Ltd Invests $4.94 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Arrow Capital Pty Ltd acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,500 shares of the e-commerce giant's stock, valued at approximately $4,936,000. Amazon.com comprises 4.5% of Arrow Capital Pty Ltd's holdings, making the stock its 3rd biggest position.

Several other hedge funds have also added to or reduced their stakes in the business. Howard Capital Management Group LLC increased its holdings in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after purchasing an additional 897 shares during the period. Principal Financial Group Inc. lifted its holdings in Amazon.com by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock worth $3,757,589,000 after buying an additional 984,570 shares during the period. Arete Wealth Advisors LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $14,648,000. EP Wealth Advisors LLC grew its position in shares of Amazon.com by 7.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,108,900 shares of the e-commerce giant's stock valued at $206,621,000 after buying an additional 72,529 shares during the last quarter. Finally, Glen Eagle Advisors LLC raised its position in shares of Amazon.com by 0.9% during the third quarter. Glen Eagle Advisors LLC now owns 56,983 shares of the e-commerce giant's stock worth $10,618,000 after acquiring an additional 518 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 2.4%

Amazon.com stock traded down $5.08 during midday trading on Thursday, hitting $205.17. 64,245,647 shares of the stock were exchanged, compared to its average volume of 42,068,987. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business's 50-day moving average price is $188.94 and its 200-day moving average price is $208.28. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Bank of America reduced their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Benchmark restated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Westpark Capital reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Maxim Group upped their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. The trade was a 1.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,798 shares of company stock worth $17,696,733. 9.70% of the stock is owned by company insiders.

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.