Interval Partners LP Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Interval Partners LP boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 164.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 203,618 shares of the e-commerce giant's stock after purchasing an additional 126,624 shares during the quarter. Amazon.com comprises about 0.9% of Interval Partners LP's holdings, making the stock its 28th largest position. Interval Partners LP's holdings in Amazon.com were worth $44,672,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC boosted its position in shares of Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after buying an additional 318 shares during the period. RMR Wealth Builders grew its holdings in Amazon.com by 2.5% during the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock worth $15,450,000 after acquiring an additional 1,690 shares during the last quarter. Mayfair Advisory Group LLC lifted its holdings in Amazon.com by 13.4% in the fourth quarter. Mayfair Advisory Group LLC now owns 5,697 shares of the e-commerce giant's stock valued at $1,250,000 after buying an additional 672 shares during the period. Fiduciary Financial Group LLC lifted its holdings in shares of Amazon.com by 19.5% during the 4th quarter. Fiduciary Financial Group LLC now owns 9,249 shares of the e-commerce giant's stock valued at $2,025,000 after purchasing an additional 1,511 shares in the last quarter. Finally, 626 Financial LLC boosted its holdings in Amazon.com by 0.6% during the fourth quarter. 626 Financial LLC now owns 36,176 shares of the e-commerce giant's stock worth $7,937,000 after purchasing an additional 229 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock traded down $1.10 on Friday, reaching $204.60. 6,882,374 shares of the stock were exchanged, compared to its average volume of 41,861,767. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market cap of $2.17 trillion, a PE ratio of 37.00, a PEG ratio of 1.50 and a beta of 1.30. The firm has a fifty day moving average price of $190.60 and a two-hundred day moving average price of $208.70. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Raymond James restated an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Cantor Fitzgerald upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Jefferies Financial Group cut their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $244.09.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock valued at $20,018,625 over the last three months. Insiders own 9.70% of the company's stock.

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.