Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by GCM Grosvenor Holdings LLC

GCM Grosvenor Holdings LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,899 shares of the e-commerce giant's stock after purchasing an additional 50,105 shares during the quarter. Amazon.com comprises approximately 9.5% of GCM Grosvenor Holdings LLC's portfolio, making the stock its 2nd biggest position. GCM Grosvenor Holdings LLC's holdings in Amazon.com were worth $66,014,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter valued at $27,266,582,000. Capital World Investors boosted its stake in Amazon.com by 36.8% in 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC increased its position 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 purchasing an additional 12,018,120 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Amazon.com by 26.5% during 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 purchasing an additional 12,000,745 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN traded up $0.98 during trading on Thursday, reaching $205.70. 34,630,040 shares of the stock were exchanged, compared to its average volume of 41,998,938. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.20, 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. The business's 50 day moving average price is $190.60 and its two-hundred day moving average price is $208.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (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 during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business's revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% 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, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares of the company's stock, valued at $96,664,732.58. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMZN. Telsey Advisory Group restated an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Jefferies Financial Group lowered their target price on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Barclays cut their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Company 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.