Candlestick Capital Management LP Invests $108.46 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Candlestick Capital Management LP acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 494,356 shares of the e-commerce giant's stock, valued at approximately $108,457,000. Amazon.com accounts for approximately 2.5% of Candlestick Capital Management LP's investment portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bard Financial Services Inc. lifted its stake in Amazon.com by 0.9% in the 4th quarter. Bard Financial Services Inc. now owns 55,690 shares of the e-commerce giant's stock valued at $12,218,000 after buying an additional 475 shares in the last quarter. Iowa State Bank raised its holdings in shares of Amazon.com by 1.3% during the fourth quarter. Iowa State Bank now owns 47,054 shares of the e-commerce giant's stock valued at $10,323,000 after acquiring an additional 602 shares during the last quarter. Kozak & Associates Inc. lifted its position in shares of Amazon.com by 3.7% in the fourth quarter. Kozak & Associates Inc. now owns 83,736 shares of the e-commerce giant's stock valued at $18,773,000 after acquiring an additional 2,950 shares in the last quarter. Insight Wealth Strategies LLC lifted its position in shares of Amazon.com by 1.0% in the fourth quarter. Insight Wealth Strategies LLC now owns 27,811 shares of the e-commerce giant's stock valued at $6,101,000 after acquiring an additional 265 shares in the last quarter. Finally, Fortem Financial Group LLC boosted its stake in shares of Amazon.com by 7.8% in the fourth quarter. Fortem Financial Group LLC now owns 21,076 shares of the e-commerce giant's stock worth $4,624,000 after acquiring an additional 1,526 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on AMZN shares. Piper Sandler reissued an "overweight" rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. DA Davidson reduced their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wedbush reissued an "outperform" rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four investment 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, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Down 1.4%

Shares of AMZN stock traded down $2.95 during trading on Wednesday, reaching $201.12. The company's stock had a trading volume of 42,365,189 shares, compared to its average volume of 41,955,975. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock's 50-day moving average price is $189.68 and its 200 day moving average price is $208.79. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.30. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at $10,933,860. This trade represents a 22.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $205.05, for a total transaction of $980,959.20. Following the transaction, the chief executive officer now owns 514,150 shares of the company's stock, valued at $105,426,457.50. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,081 shares of company stock worth $17,421,044. Company insiders own 9.70% of the company's stock.

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.