Bornite Capital Management LP Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bornite Capital Management LP boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 66.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,000 shares of the e-commerce giant's stock after purchasing an additional 40,000 shares during the period. Amazon.com comprises approximately 3.0% of Bornite Capital Management LP's portfolio, making the stock its 14th biggest holding. Bornite Capital Management LP's holdings in Amazon.com were worth $21,939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Accordant Advisory Group Inc raised its holdings in 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 acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at $27,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com during the 4th quarter valued at about $51,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % 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 valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. Citigroup cut their price objective on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research report on Monday, April 14th. HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday. Needham & Company LLC restated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research report on Friday. Finally, Truist Financial lowered their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $243.55.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $189.98 on Friday. The business has a 50 day moving average of $190.48 and a 200 day moving average of $207.92. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market cap of $2.02 trillion, a PE ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.