Albar Capital Partners LLP Acquires New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Albar Capital Partners LLP purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 54,871 shares of the e-commerce giant's stock, valued at approximately $12,038,000. Amazon.com makes up 2.9% of Albar Capital Partners LLP's holdings, making the stock its 13th largest holding.

A number of other large investors also recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC lifted its holdings in Amazon.com by 0.7% in 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 buying an additional 318 shares during the period. LVM Capital Management Ltd. MI boosted its holdings in Amazon.com by 16.4% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,776 shares of the e-commerce giant's stock worth $1,267,000 after purchasing an additional 813 shares during the last quarter. Sage Capital Advisors llc boosted its holdings in Amazon.com by 0.6% during the fourth quarter. Sage Capital Advisors llc now owns 71,463 shares of the e-commerce giant's stock worth $15,678,000 after purchasing an additional 396 shares during the last quarter. Heartwood Wealth Advisors LLC boosted its holdings in Amazon.com by 4.9% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 11,158 shares of the e-commerce giant's stock worth $2,448,000 after purchasing an additional 523 shares during the last quarter. Finally, Praetorian Wealth Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $730,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMZN. Evercore ISI cut 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 note on Friday, May 2nd. DA Davidson decreased their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Piper Sandler restated an "overweight" rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Mizuho decreased their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This trade represents a 0.92% 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, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,749 shares of company stock valued at $24,197,235. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

NASDAQ AMZN traded down $2.11 on Friday, hitting $200.99. The company had a trading volume of 33,340,050 shares, compared to its average volume of 42,020,996. The company's fifty day moving average price is $190.05 and its 200-day moving average price is $208.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.13 trillion, a PE ratio of 36.35, a PEG 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.