Cinctive Capital Management LP Purchases New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cinctive Capital Management LP acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 59,552 shares of the e-commerce giant's stock, valued at approximately $13,065,000.

Several other hedge funds have also modified their holdings of the company. Cable Hill Partners LLC lifted its position in Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares during the last quarter. Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. Northern Capital Management Inc. lifted its holdings in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management grew its position in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after acquiring an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its position in Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $1.34 during trading hours on Tuesday, hitting $185.01. 28,305,174 shares of the company were exchanged, compared to its average volume of 41,646,826. 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 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.30. The company's 50 day moving average price is $189.45 and its 200-day moving average price is $207.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for 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 business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,298 shares of company stock worth $23,818,478 over the last three months. 9.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. StockNews.com cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Morgan Stanley cut their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Westpark Capital reissued a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

About Amazon.com

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.