Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Junto Capital Management LP

Junto Capital Management LP grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 194.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 374,734 shares of the e-commerce giant's stock after purchasing an additional 247,442 shares during the quarter. Amazon.com accounts for about 1.6% of Junto Capital Management LP's holdings, making the stock its 23rd biggest holding. Junto Capital Management LP's holdings in Amazon.com were worth $82,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. KKM Financial LLC lifted its stake in Amazon.com by 8.0% in the fourth quarter. KKM Financial LLC now owns 20,594 shares of the e-commerce giant's stock worth $4,538,000 after acquiring an additional 1,519 shares during the last quarter. Kaizen Financial Strategies lifted its stake in Amazon.com by 5.1% in the fourth quarter. Kaizen Financial Strategies now owns 17,592 shares of the e-commerce giant's stock worth $3,860,000 after acquiring an additional 859 shares during the last quarter. Guardian Wealth Advisors LLC NC lifted its stake in Amazon.com by 8.8% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 43,440 shares of the e-commerce giant's stock worth $9,530,000 after acquiring an additional 3,513 shares during the last quarter. Graham Capital Management L.P. lifted its stake in Amazon.com by 344.9% in the fourth quarter. Graham Capital Management L.P. now owns 99,870 shares of the e-commerce giant's stock worth $21,910,000 after acquiring an additional 77,420 shares during the last quarter. Finally, Graver Capital Management LLC purchased a new position in Amazon.com in the fourth quarter worth approximately $357,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,537 shares of company stock worth $20,018,625. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. 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. Royal Bank of Canada lowered their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Rosenblatt Securities upped their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Truist Financial lowered their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Wedbush restated an "outperform" rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $1.30 during trading on Wednesday, hitting $204.72. 27,702,158 shares of the company were exchanged, compared to its average volume of 41,937,675. The company has a market cap of $2.17 trillion, a price-to-earnings ratio of 37.02, a PEG 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. The firm's fifty day moving average price is $190.38 and its 200 day moving average price is $208.73. 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 issued its 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. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. On average, sell-side 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.