Cinctive Capital Management LP Makes New $13.07 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC lifted its holdings in shares of Amazon.com by 14.3% in the 4th quarter. Creekmur Asset Management LLC now owns 23,739 shares of the e-commerce giant's stock worth $5,208,000 after purchasing an additional 2,965 shares in the last quarter. Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the last quarter. DKM Wealth Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at about $1,119,000. Ardmore Road Asset Management LP acquired a new stake in shares of Amazon.com in the 4th quarter worth about $44,317,000. Finally, Huntington National Bank lifted its position in Amazon.com by 3.6% in the 4th quarter. Huntington National Bank now owns 1,377,450 shares of the e-commerce giant's stock valued at $302,199,000 after acquiring an additional 47,233 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 0.1 %

Shares of Amazon.com stock traded down $0.22 during trading on Friday, reaching $189.98. 77,794,995 shares of the stock were exchanged, compared to its average volume of 41,684,289. 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 firm has a market cap of $2.02 trillion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock's fifty day moving average is $190.48 and its 200 day moving average is $207.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating 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 return on equity of 24.25% and a net margin of 9.29%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Jefferies Financial Group cut their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Finally, Stifel Nicolaus cut their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $243.55.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com 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 completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company's stock.

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.