Alight Capital Management LP Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Alight Capital Management LP raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,843 shares of the e-commerce giant's stock after acquiring an additional 6,843 shares during the quarter. Amazon.com makes up about 6.3% of Alight Capital Management LP's holdings, making the stock its 2nd largest holding. Alight Capital Management LP's holdings in Amazon.com were worth $19,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMZN. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 118,749 shares of company stock valued at $24,197,235 in the last ninety days. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMZN shares. Cantor Fitzgerald boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley lowered their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Finally, Tigress Financial raised their price target on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Down 1.0%

NASDAQ AMZN traded down $2.11 during trading hours 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. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, 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. The firm's 50 day moving average is $190.05 and its 200 day moving average is $208.80.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.