Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Steadfast Capital Management LP

Steadfast Capital Management LP lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 836,700 shares of the e-commerce giant's stock after purchasing an additional 40,400 shares during the quarter. Amazon.com comprises 3.7% of Steadfast Capital Management LP's investment portfolio, making the stock its 6th biggest holding. Steadfast Capital Management LP's holdings in Amazon.com were worth $183,564,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Scissortail Wealth Management LLC raised its stake in Amazon.com by 50,150.0% during the fourth quarter. Scissortail Wealth Management LLC now owns 18,090 shares of the e-commerce giant's stock valued at $3,969,000 after buying an additional 18,054 shares during the last quarter. Second Line Capital LLC raised its stake in Amazon.com by 3.0% during the fourth quarter. Second Line Capital LLC now owns 21,130 shares of the e-commerce giant's stock valued at $4,636,000 after buying an additional 607 shares during the last quarter. Select Equity Group L.P. raised its stake in Amazon.com by 5.9% during the fourth quarter. Select Equity Group L.P. now owns 508,307 shares of the e-commerce giant's stock valued at $111,517,000 after buying an additional 28,110 shares during the last quarter. Sentinus LLC raised its stake in Amazon.com by 7.9% during the fourth quarter. Sentinus LLC now owns 9,248 shares of the e-commerce giant's stock valued at $2,029,000 after buying an additional 677 shares during the last quarter. Finally, Shellback Capital LP purchased a new position in Amazon.com during the fourth quarter valued at $38,393,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AMZN. Wedbush reiterated an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price target on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Scotiabank decreased their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $1.77 during mid-day trading on Friday, hitting $203.93. 51,641,602 shares of the company traded hands, compared to its average volume of 42,021,406. The stock's fifty day moving average price is $190.57 and its 200-day moving average price is $208.63. Amazon.com, Inc. has a one year low of $151.61 and a one year 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. The firm has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $155.67 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock valued at $20,018,625 over the last 90 days. 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.