Castle Hook Partners LP Acquires New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Castle Hook Partners LP acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,184,425 shares of the e-commerce giant's stock, valued at approximately $259,851,000. Amazon.com makes up approximately 3.2% of Castle Hook Partners LP's portfolio, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cercano Management LLC raised its holdings in shares of Amazon.com by 5.0% in the fourth quarter. Cercano Management LLC now owns 705,129 shares of the e-commerce giant's stock valued at $154,698,000 after acquiring an additional 33,518 shares in the last quarter. BOKF NA raised its holdings in shares of Amazon.com by 0.7% in the fourth quarter. BOKF NA now owns 489,650 shares of the e-commerce giant's stock valued at $107,204,000 after acquiring an additional 3,334 shares in the last quarter. Bosun Asset Management LLC raised its holdings in shares of Amazon.com by 12.5% in the fourth quarter. Bosun Asset Management LLC now owns 16,337 shares of the e-commerce giant's stock valued at $3,584,000 after acquiring an additional 1,814 shares in the last quarter. Bridger Management LLC raised its holdings in shares of Amazon.com by 66.8% in the fourth quarter. Bridger Management LLC now owns 12,114 shares of the e-commerce giant's stock valued at $2,658,000 after acquiring an additional 4,850 shares in the last quarter. Finally, Blue Capital Inc. bought a new position in Amazon.com in the fourth quarter worth about $3,644,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the company's 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,749 shares of company stock worth $24,197,235. Corporate insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Jefferies Financial Group reduced their target price on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and issued a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, DA Davidson reduced their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Trading Down 1.0%

Amazon.com stock opened at $200.99 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock's 50 day simple moving average is $190.05 and its two-hundred day simple moving average is $208.81. The firm has a market cap of $2.13 trillion, a PE ratio of 36.35, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.

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