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

Shellback Capital LP acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & 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 holdings, making the stock its 9th biggest holding.

A number of other large investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 0.7% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after acquiring an additional 318 shares during the period. West Coast Financial LLC increased its holdings in shares of Amazon.com by 3,032.6% in the 4th quarter. West Coast Financial LLC now owns 50,685 shares of the e-commerce giant's stock worth $11,120,000 after acquiring an additional 49,067 shares during the period. BFI Infinity Ltd. bought a new stake in Amazon.com in the 4th quarter valued at about $622,000. Sanders Morris Harris LLC increased its stake in shares of Amazon.com by 0.5% in the fourth quarter. Sanders Morris Harris LLC now owns 16,987 shares of the e-commerce giant's stock valued at $3,743,000 after purchasing an additional 77 shares during the period. Finally, Tallon Kerry Patrick bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $800,000. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN traded down $1.77 during midday trading on Friday, reaching $203.93. 51,641,602 shares of the stock were exchanged, compared to its average volume of 42,089,558. The stock's 50 day simple moving average is $190.60 and its 200 day simple moving average is $208.70. The company has a market cap of $2.16 trillion, a P/E ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve 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 issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Cantor Fitzgerald boosted their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Evercore ISI decreased their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus lowered their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $244.09.

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.