Shellback Capital LP Takes $38.39 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Shellback Capital LP acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 175,000 shares of the e-commerce giant's stock, valued at approximately $38,393,000. Amazon.com makes up about 2.6% of Shellback Capital LP's investment portfolio, making the stock its 9th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Siemens Fonds Invest GmbH raised its holdings in shares of Amazon.com by 54.7% in the 4th quarter. Siemens Fonds Invest GmbH now owns 189,153 shares of the e-commerce giant's stock worth $41,498,000 after acquiring an additional 66,864 shares during the last quarter. Security National Bank of SO Dak raised its holdings in shares of Amazon.com by 15.0% in the 4th quarter. Security National Bank of SO Dak now owns 5,054 shares of the e-commerce giant's stock worth $1,109,000 after acquiring an additional 660 shares during the last quarter. SGL Investment Advisors Inc. raised its holdings in shares of Amazon.com by 7.3% in the 4th quarter. SGL Investment Advisors Inc. now owns 2,983 shares of the e-commerce giant's stock worth $683,000 after acquiring an additional 202 shares during the last quarter. Shell Asset Management Co. raised its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Shell Asset Management Co. now owns 442,873 shares of the e-commerce giant's stock worth $97,162,000 after acquiring an additional 2,925 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in shares of Amazon.com by 65.9% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 365,534 shares of the e-commerce giant's stock worth $80,195,000 after acquiring an additional 145,167 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN traded up $1.64 on Monday, hitting $206.65. The company's stock had a trading volume of 29,035,810 shares, compared to its average volume of 41,969,117. The company's 50 day simple moving average is $190.68 and its 200-day simple moving average is $208.63. The firm has a market cap of $2.19 trillion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month 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.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMZN shares. Benchmark restated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Barclays lowered their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Morgan Stanley decreased their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Loop Capital increased their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $244.57.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock valued at $20,018,625 in the last three months. Company insiders own 9.70% 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.