JAT Capital Mgmt LP Has $19.20 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

JAT Capital Mgmt LP lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 775.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,500 shares of the e-commerce giant's stock after acquiring an additional 77,500 shares during the quarter. Amazon.com makes up about 3.0% of JAT Capital Mgmt LP's investment portfolio, making the stock its 9th largest position. JAT Capital Mgmt LP's holdings in Amazon.com were worth $19,197,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Amazon.com during the 4th quarter valued at about $27,266,582,000. Capital World Investors grew its position in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. Proficio Capital Partners LLC raised its stake in shares of Amazon.com by 17,054.5% during 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 last quarter. Finally, Capital International Investors lifted its holdings in 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 valued at $12,564,961,000 after buying an additional 12,000,745 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,081 shares of company stock valued at $17,421,044. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMZN. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. BNP Paribas upgraded Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Wells Fargo & Company decreased their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Finally, Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Stock Up 1.0%

AMZN traded up $1.98 on Thursday, hitting $203.10. 38,797,180 shares of the company were exchanged, compared to its average volume of 41,908,253. The stock's fifty day moving average is $189.74 and its 200-day moving average is $208.74. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. 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 has a market cap of $2.16 trillion, a PE ratio of 36.73, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. 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 business posted $0.98 EPS. The business's revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

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.