Sphera Management Technology Funds Ltd Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Sphera Management Technology Funds Ltd acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 57,050 shares of the e-commerce giant's stock, valued at approximately $12,516,000. Amazon.com makes up approximately 7.2% of Sphera Management Technology Funds Ltd's holdings, making the stock its largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Momentous Wealth Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at $749,000. Segall Bryant & Hamill LLC increased its holdings in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Bearing Point Capital LLC bought a new stake in shares of Amazon.com in the fourth quarter worth about $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Jefferies Financial Group reduced 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. Oppenheimer lowered their price target on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Raymond James restated an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Loop Capital upped their price target on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $244.57.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of the company's 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 $4,211,799.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $1.64 during midday trading on Monday, hitting $206.65. The company had a trading volume of 29,034,623 shares, compared to its average volume of 41,968,820. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business's 50-day simple moving average is $190.57 and its 200-day simple moving average is $208.61.

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 for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during 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 firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.