Tairen Capital Ltd Invests $11.42 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Tairen Capital Ltd purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,050 shares of the e-commerce giant's stock, valued at approximately $11,419,000. Amazon.com makes up approximately 1.7% of Tairen Capital Ltd's holdings, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the fourth quarter worth $25,000. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter worth about $35,000. Finally, Perritt Capital Management Inc grew its position 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 buying an additional 80 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on AMZN. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Truist Financial decreased their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Mizuho dropped their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Finally, UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Trading Down 0.9%

Shares of NASDAQ:AMZN traded down $1.77 during midday trading on Friday, hitting $203.93. 51,641,602 shares of the stock traded hands, compared to its average volume of 42,021,406. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $190.57 and its two-hundred day moving average is $208.66. The stock has a market capitalization of $2.16 trillion, a PE ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 6,843 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.77, for a total value of $1,373,869.11. Following the sale, the chief executive officer now directly owns 519,550 shares of the company's stock, valued at $104,310,053.50. This represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president now owns 47,030 shares of the company's stock, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. 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. Corporate 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.