Amazon.com, Inc. (NASDAQ:AMZN) is GCM Grosvenor Holdings LLC's 2nd Largest Position

GCM Grosvenor Holdings LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,899 shares of the e-commerce giant's stock after purchasing an additional 50,105 shares during the period. Amazon.com comprises 9.5% of GCM Grosvenor Holdings LLC's holdings, making the stock its 2nd largest 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 and other institutional investors have also bought and sold shares of AMZN. Norges Bank purchased a new position in Amazon.com in the fourth quarter worth $27,266,582,000. Capital World Investors lifted 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 valued at $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. lifted 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 valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors lifted its position in shares of Amazon.com by 26.5% during the 4th 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 last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Piper Sandler reaffirmed an "overweight" rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas raised Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Finally, Wedbush reissued an "outperform" rating and set a $235.00 price objective (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 issued a buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $5.03 during trading on Tuesday, hitting $206.02. 34,776,251 shares of the stock traded hands, compared to its average volume of 41,992,291. 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 stock has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.25, a PEG ratio of 1.50 and a beta of 1.30. The firm's fifty day moving average is $190.16 and its 200-day moving average is $208.75. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for 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 company's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the 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 $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 in the last ninety days. 9.70% of the stock is owned by company insiders.

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.