Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Soros Fund Management LLC

Soros Fund Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 332,201 shares of the e-commerce giant's stock after buying an additional 51,991 shares during the quarter. Amazon.com makes up about 1.1% of Soros Fund Management LLC's investment portfolio, making the stock its 22nd largest position. Soros Fund Management LLC's holdings in Amazon.com were worth $72,882,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at $27,000. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com during the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,749 shares of company stock worth $24,197,235 in the last three months. Corporate insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. 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 note on Friday, May 2nd. Maxim Group upped their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Telsey Advisory Group reissued an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Down 1.0%

Amazon.com stock traded down $2.11 during midday trading on Friday, hitting $200.99. 33,340,050 shares of the company's stock were exchanged, compared to its average volume of 41,962,799. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a 50-day moving average of $190.05 and a two-hundred day moving average of $208.80. The company has a market cap of $2.13 trillion, a PE ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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 net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.