75,000 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Maytus Capital Management LLC

Maytus Capital Management LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 75,000 shares of the e-commerce giant's stock, valued at approximately $16,454,000. Amazon.com makes up about 5.7% of Maytus Capital Management LLC's holdings, making the stock its largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Regent Peak Wealth Advisors LLC raised its holdings in shares of Amazon.com by 0.7% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after purchasing an additional 318 shares during the last quarter. RMR Wealth Builders raised its holdings in shares of Amazon.com by 2.5% during the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock valued at $15,450,000 after purchasing an additional 1,690 shares during the last quarter. Richard P Slaughter Associates Inc raised its holdings in shares of Amazon.com by 13.0% during the fourth quarter. Richard P Slaughter Associates Inc now owns 2,117 shares of the e-commerce giant's stock valued at $464,000 after purchasing an additional 244 shares during the last quarter. Cox Capital Mgt LLC raised its holdings in shares of Amazon.com by 0.4% during the fourth quarter. Cox Capital Mgt LLC now owns 32,325 shares of the e-commerce giant's stock valued at $7,092,000 after purchasing an additional 132 shares during the last quarter. Finally, Founders Grove Wealth Partners LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $943,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.5%

Shares of Amazon.com stock traded up $0.98 on Thursday, reaching $205.70. The stock had a trading volume of 34,630,040 shares, compared to its average volume of 41,958,975. The company has a 50 day moving average price of $190.55 and a 200 day moving average price of $208.71. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.18 trillion, a P/E ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for 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%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 in the last three months. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on AMZN shares. Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Citizens Jmp reduced their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Bank of America reduced their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.