Graham Capital Management L.P. Buys 77,420 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Graham Capital Management L.P. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 344.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,870 shares of the e-commerce giant's stock after purchasing an additional 77,420 shares during the period. Amazon.com accounts for about 0.3% of Graham Capital Management L.P.'s investment portfolio, making the stock its 20th biggest holding. Graham Capital Management L.P.'s holdings in Amazon.com were worth $21,910,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,266,582,000. Capital World Investors increased its stake in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. increased its stake 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 period. Proficio Capital Partners LLC increased 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 purchasing an additional 12,018,120 shares during the period. Finally, Capital International Investors increased its stake 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 during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.4%

Shares of NASDAQ:AMZN traded down $0.73 during midday trading on Friday, reaching $204.97. The company's stock had a trading volume of 5,436,289 shares, compared to its average volume of 41,856,818. The firm has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.06, a PEG ratio of 1.50 and a beta of 1.30. 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 firm has a 50 day moving average price of $190.60 and a two-hundred day moving average price of $208.70. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Evercore ISI lowered their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Benchmark reiterated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group lowered their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated 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 directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock valued at $20,018,625 in the last three months. Corporate insiders own 9.70% of the company's stock.

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.