Alphadyne Asset Management LP Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Alphadyne Asset Management LP purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,768 shares of the e-commerce giant's stock, valued at approximately $10,699,000. Amazon.com accounts for 1.7% of Alphadyne Asset Management LP's portfolio, making the stock its 5th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Norges Bank purchased a new stake in Amazon.com during the fourth quarter valued at about $27,266,582,000. Capital World Investors grew its position in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the period. Vanguard Group Inc. grew its position in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. Finally, Capital International Investors boosted its position in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after buying an additional 12,000,745 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,749 shares of company stock worth $24,197,235. 9.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Oppenheimer decreased their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Evercore ISI decreased their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Morgan Stanley decreased their target price 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. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Maxim Group upped their target price on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Four 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $2.11 on Friday, reaching $200.99. 33,340,050 shares of the company were exchanged, compared to its average volume of 41,962,799. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company's 50-day moving average is $190.05 and its two-hundred day moving average is $208.80. The firm has a market cap 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. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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 for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. As a group, research analysts expect 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.